Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 511,617 shares, an increase of 69.7% from the August 15th total of 301,401 shares. Based on an average daily volume of 292,406 shares, the short-interest ratio is currently 1.7 days. Approximately 0.8% of the shares of the company are sold short.
Institutional Trading of Amplify High Income ETF
Several large investors have recently added to or reduced their stakes in YYY. HighTower Advisors LLC grew its stake in Amplify High Income ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock valued at $1,423,000 after acquiring an additional 1,052 shares in the last quarter. Ignite Planners LLC boosted its stake in Amplify High Income ETF by 2.9% in the fourth quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock valued at $646,000 after acquiring an additional 1,586 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Amplify High Income ETF by 12.5% during the second quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock worth $190,000 after buying an additional 1,824 shares during the period. Harbour Investments Inc. grew its position in Amplify High Income ETF by 15.7% during the 4th quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock worth $186,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Independent Wealth Network Inc. lifted its position in Amplify High Income ETF by 1.8% during the 1st quarter. Independent Wealth Network Inc. now owns 182,217 shares of the company’s stock worth $2,010,000 after acquiring an additional 3,272 shares during the period.
Amplify High Income ETF Stock Performance
NYSEARCA YYY traded up $0.07 during trading on Thursday, hitting $10.82. 217,793 shares of the company’s stock traded hands, compared to its average volume of 382,198. The business has a 50 day moving average of $11.32 and a 200-day moving average of $11.37. Amplify High Income ETF has a 12-month low of $10.69 and a 12-month high of $11.93. The stock has a market capitalization of $696.59 million, a price-to-earnings ratio of 22.17 and a beta of 0.72.
Amplify High Income ETF Company Profile
The Amplify High Income ETF (YYY) is an exchange-traded fund that is based on the ISE High Income index. The fund tracks an index of US-listed closed-end funds, weighted by yield, discount to NAV, and trading volume. There are no restrictions on the assets or strategies of the underlying funds. YYY was launched on Jun 12, 2013 and is managed by Amplify.
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