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

Amplify High Income ETF (NYSEARCA:YYY) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 400,497 shares, a growth of 154.3% from the October 15th total of 157,499 shares. Based on an average daily volume of 503,476 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Amplify High Income ETF Price Performance

Amplify High Income ETF stock traded down $0.01 during trading hours on Friday, reaching $10.21. The stock had a trading volume of 151,812 shares, compared to its average volume of 434,029. The company has a market cap of $659.38 million, a price-to-earnings ratio of 22.17 and a beta of 0.74. The business’s 50 day moving average price is $10.50 and its 200-day moving average price is $11.21. Amplify High Income ETF has a 52 week low of $10.14 and a 52 week high of $11.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Essential Investment Partners LLC bought a new position in shares of Amplify High Income ETF during the 3rd quarter worth approximately $31,000. Western Wealth Management LLC purchased a new stake in Amplify High Income ETF during the first quarter valued at approximately $66,000. Fifth Third Bancorp acquired a new stake in Amplify High Income ETF in the first quarter valued at approximately $77,000. Integrity Alliance LLC. acquired a new stake in Amplify High Income ETF in the third quarter valued at approximately $108,000. Finally, AMG National Trust Bank acquired a new stake in Amplify High Income ETF in the third quarter valued at approximately $122,000.

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.