Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Expands By 34.5%

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 298,656 shares, a growth of 34.5% from the December 31st total of 222,094 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 341,129 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 341,129 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of Amplify High Income ETF

Several large investors have recently modified their holdings of the business. Concurrent Investment Advisors LLC grew its position in shares of Amplify High Income ETF by 20.7% during the second quarter. Concurrent Investment Advisors LLC now owns 22,501 shares of the company’s stock worth $263,000 after purchasing an additional 3,858 shares in the last quarter. Cetera Investment Advisers increased its position in Amplify High Income ETF by 15.1% during the 2nd quarter. Cetera Investment Advisers now owns 124,857 shares of the company’s stock valued at $1,462,000 after purchasing an additional 16,367 shares during the period. Janney Montgomery Scott LLC raised its holdings in Amplify High Income ETF by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock worth $432,000 after purchasing an additional 929 shares in the last quarter. Brookstone Capital Management raised its stake in Amplify High Income ETF by 22.8% in the second quarter. Brookstone Capital Management now owns 60,672 shares of the company’s stock valued at $710,000 after buying an additional 11,258 shares during the last quarter. Finally, NWF Advisory Services Inc. grew its stake in Amplify High Income ETF by 10.2% during the 3rd quarter. NWF Advisory Services Inc. now owns 610,595 shares of the company’s stock valued at $7,211,000 after purchasing an additional 56,300 shares during the last quarter.

Amplify High Income ETF Price Performance

Shares of YYY stock remained flat at $11.65 during trading hours on Friday. 556,201 shares of the stock traded hands, compared to its average volume of 362,040. The firm has a market cap of $687.93 million, a PE ratio of 22.17 and a beta of 0.76. Amplify High Income ETF has a 12 month low of $9.87 and a 12 month high of $12.03. The company’s 50-day moving average price is $11.65 and its two-hundred day moving average price is $11.71.

Amplify High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 12.4%.

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.