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

Amplify High Income ETF (NYSEARCA:YYY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 334,128 shares, a decrease of 55.5% from the May 31st total of 750,048 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 685,104 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Amplify High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Amplify High Income ETF by 21,474,050.0% in the fourth quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock valued at $4,943,000 after acquiring an additional 429,481 shares during the period. LJI Wealth Management LLC increased its position in Amplify High Income ETF by 14.1% during the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock worth $19,689,000 after acquiring an additional 211,845 shares during the period. LPL Financial LLC increased its holdings in shares of Amplify High Income ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock worth $32,765,000 after purchasing an additional 99,341 shares during the period. Osaic Holdings Inc. increased its position in shares of Amplify High Income ETF by 9.6% in the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock worth $12,113,000 after purchasing an additional 92,051 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Amplify High Income ETF by 86.6% in the 3rd quarter. Larson Financial Group LLC now owns 190,039 shares of the company’s stock valued at $2,244,000 after buying an additional 88,200 shares during the period.

Amplify High Income ETF Price Performance

Amplify High Income ETF stock opened at $11.53 on Monday. The stock has a market cap of $710.82 million, a P/E ratio of 22.17 and a beta of 0.72. Amplify High Income ETF has a twelve month low of $10.69 and a twelve month high of $11.93. The company’s 50-day moving average price is $11.48 and its two-hundred day moving average price is $11.51.

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.