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

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

Hedge Funds Weigh In On Amplify High Income ETF

A number of large investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in Amplify High Income ETF during the first quarter valued at approximately $66,000. LFA Lugano Financial Advisors SA purchased a new stake in Amplify High Income ETF in the 1st quarter worth approximately $70,000. Fifth Third Bancorp purchased a new stake in Amplify High Income ETF in the 1st quarter worth approximately $77,000. Baird Financial Group Inc. bought a new position in Amplify High Income ETF in the 2nd quarter valued at $123,000. Finally, Alpine Global Management LLC bought a new position in Amplify High Income ETF in the 4th quarter valued at $144,000.

Amplify High Income ETF Stock Up 0.5%

Shares of NYSEARCA YYY opened at $10.45 on Wednesday. The company has a market cap of $673.70 million, a P/E ratio of 22.17 and a beta of 0.72. Amplify High Income ETF has a 52 week low of $10.33 and a 52 week high of $11.92. The business has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $11.32.

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.