Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 334,128 shares, a decrease of 55.5% from the May 31st total of 750,048 shares. Based on an average daily volume of 685,104 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.
Amplify High Income ETF Price Performance
NYSEARCA:YYY opened at $11.53 on Monday. The firm’s 50 day simple moving average is $11.48 and its 200 day simple moving average is $11.51. Amplify High Income ETF has a one year low of $10.69 and a one year high of $11.93. The company has a market cap of $710.82 million, a PE ratio of 22.17 and a beta of 0.72.
Hedge Funds Weigh In On Amplify High Income ETF
Several large investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of Amplify High Income ETF in the first quarter worth $66,000. LFA Lugano Financial Advisors SA acquired a new position in Amplify High Income ETF during the 1st quarter worth about $70,000. Fifth Third Bancorp bought a new stake in shares of Amplify High Income ETF in the 1st quarter valued at about $77,000. Triumph Capital Management bought a new stake in shares of Amplify High Income ETF in the 3rd quarter valued at about $105,000. Finally, Comerica Bank increased its stake in shares of Amplify High Income ETF by 119.4% in the fourth quarter. Comerica Bank now owns 11,006 shares of the company’s stock valued at $127,000 after buying an additional 5,989 shares during the period.
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.
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