Amplify High Income ETF (NYSEARCA:YYY) Sees Large Volume Increase – Here’s Why

Amplify High Income ETF (NYSEARCA:YYY) saw strong trading volume on Tuesday . Approximately 329,657 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 389,243 shares.The stock last traded at $11.29 and had previously closed at $11.26.

Amplify High Income ETF Trading Up 0.4%

The company has a market capitalization of $729.09 million, a price-to-earnings ratio of 22.17 and a beta of 0.71. The company’s 50 day simple moving average is $11.44 and its 200-day simple moving average is $11.48.

Institutional Trading of Amplify High Income ETF

A number of hedge funds have recently bought and sold shares of the company. LJI Wealth Management LLC increased its stake in Amplify High Income ETF by 14.1% in the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock valued at $19,689,000 after purchasing an additional 211,845 shares during the last quarter. World Investment Advisors boosted its stake in Amplify High Income ETF by 107.8% in the 4th quarter. World Investment Advisors now owns 156,056 shares of the company’s stock worth $1,796,000 after buying an additional 80,942 shares during the last quarter. PFG Investments LLC grew its holdings in Amplify High Income ETF by 491.1% in the 1st quarter. PFG Investments LLC now owns 65,527 shares of the company’s stock valued at $723,000 after buying an additional 54,442 shares during the period. VectorGlobal IAG Inc. purchased a new stake in Amplify High Income ETF in the 1st quarter valued at about $631,000. Finally, Money Concepts Capital Corp grew its holdings in Amplify High Income ETF by 12.0% in the 4th quarter. Money Concepts Capital Corp now owns 23,289 shares of the company’s stock valued at $268,000 after buying an additional 2,487 shares during the period.

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.