Amplify High Income ETF (NYSEARCA:YYY) Sees Large Volume Increase – Should You Buy?

Shares of Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Tuesday . 1,079,869 shares changed hands during trading, an increase of 184% from the previous session’s volume of 380,056 shares.The stock last traded at $10.7850 and had previously closed at $10.87.

Amplify High Income ETF Price Performance

The company has a market capitalization of $693.37 million, a PE ratio of 22.17 and a beta of 0.72. The business has a 50-day moving average of $11.35 and a 200 day moving average of $11.38.

Hedge Funds Weigh In On Amplify High Income ETF

Hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in shares of Amplify High Income ETF in the 1st quarter worth approximately $66,000. LFA Lugano Financial Advisors SA purchased a new stake in Amplify High Income ETF in the first quarter valued at about $70,000. Fifth Third Bancorp acquired a new stake in Amplify High Income ETF in the first quarter worth about $77,000. Baird Financial Group Inc. acquired a new stake in Amplify High Income ETF in the second quarter worth about $123,000. Finally, Alpine Global Management LLC purchased a new stake in Amplify High Income ETF during the 4th quarter worth approximately $144,000.

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.