Amplify High Income ETF (NYSEARCA:YYY) Sees Significant Drop in Short Interest

Amplify High Income ETF (NYSEARCA:YYY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 303,175 shares, a decline of 40.7% from the August 31st total of 511,617 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 462,046 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Amplify High Income ETF

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of Amplify High Income ETF by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after buying an additional 1,052 shares in the last quarter. Concurrent Investment Advisors LLC grew 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 in the last quarter. Harbour Investments Inc. increased its stake in Amplify High Income ETF by 15.7% in the 4th quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock worth $186,000 after acquiring an additional 2,192 shares during the last quarter. Independent Wealth Network Inc. increased its stake in Amplify High Income ETF by 1.8% in 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 last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Amplify High Income ETF by 35.8% in the 1st quarter. Arkadios Wealth Advisors now owns 18,982 shares of the company’s stock valued at $209,000 after acquiring an additional 5,001 shares in the last quarter.

Amplify High Income ETF Stock Up 0.2%

YYY traded up $0.03 during trading on Friday, hitting $10.37. 683,508 shares of the company traded hands, compared to its average volume of 398,743. Amplify High Income ETF has a one year low of $10.25 and a one year high of $11.92. The stock’s fifty day moving average is $11.13 and its 200 day moving average is $11.31. The firm has a market cap of $659.73 million, a P/E ratio of 22.17 and a beta of 0.73.

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.