Amplify High Income ETF (NYSEARCA:YYY) Short Interest Update

Amplify High Income ETF (NYSEARCA:YYY) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 301,401 shares, a decline of 50.1% from the July 30th total of 603,651 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 298,633 shares, the days-to-cover ratio is presently 1.0 days.

Amplify High Income ETF Stock Performance

Shares of NYSEARCA YYY traded down $0.16 during midday trading on Friday, hitting $11.26. 276,734 shares of the company traded hands, compared to its average volume of 377,147. Amplify High Income ETF has a 12-month low of $10.69 and a 12-month high of $11.93. The firm has a market cap of $724.58 million, a P/E ratio of 22.17 and a beta of 0.72. The stock has a 50-day moving average price of $11.44 and a 200 day moving average price of $11.44.

Hedge Funds Weigh In On Amplify High Income ETF

Large investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new stake in Amplify High Income ETF during the 1st quarter valued at about $66,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Amplify High Income ETF during the first quarter valued at approximately $70,000. Fifth Third Bancorp purchased a new position in Amplify High Income ETF in the 1st quarter worth approximately $77,000. Triumph Capital Management purchased a new position in Amplify High Income ETF in the 3rd quarter worth approximately $105,000. Finally, Comerica Bank lifted its position in Amplify High Income ETF by 119.4% in the 4th quarter. Comerica Bank now owns 11,006 shares of the company’s stock valued at $127,000 after acquiring an additional 5,989 shares in the last quarter.

About Amplify High Income ETF

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.