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

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant decrease in short interest in the month of 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. Currently, 0.5% of the shares of the company are sold short. 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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its position in Amplify High Income ETF by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock worth $1,423,000 after purchasing an additional 1,052 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Amplify High Income ETF by 12.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 16,438 shares of the company’s stock valued at $190,000 after purchasing an additional 1,824 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Amplify High Income ETF by 15.7% during the 4th quarter. Harbour Investments Inc. now owns 16,142 shares of the company’s stock valued at $186,000 after purchasing an additional 2,192 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in shares of Amplify High Income ETF by 1.8% in the 1st quarter. Independent Wealth Network Inc. now owns 182,217 shares of the company’s stock valued at $2,010,000 after purchasing an additional 3,272 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of Amplify High Income ETF by 35.8% in the 1st quarter. Arkadios Wealth Advisors now owns 18,982 shares of the company’s stock valued at $209,000 after purchasing an additional 5,001 shares during the period.

Amplify High Income ETF Stock Up 0.5%

Shares of NYSEARCA:YYY opened at $10.45 on Wednesday. Amplify High Income ETF has a 52-week low of $10.33 and a 52-week high of $11.92. The stock has a market cap of $673.70 million, a price-to-earnings ratio of 22.17 and a beta of 0.72. The business has a 50-day moving average price of $11.17 and a 200-day moving average price 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.