Amplify High Income ETF (NYSEARCA:YYY) Short Interest Up 34.5% in January

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant 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. Based on an average trading volume of 341,129 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 341,129 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Amplify High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AlphaCore Capital LLC purchased a new stake in shares of Amplify High Income ETF in the second quarter valued at approximately $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Amplify High Income ETF in the 3rd quarter worth $41,000. Winnow Wealth LLC purchased a new stake in shares of Amplify High Income ETF in the 3rd quarter worth $49,000. Triumph Capital Management purchased a new position in shares of Amplify High Income ETF during the third quarter valued at $105,000. Finally, Samalin Investment Counsel LLC bought a new stake in shares of Amplify High Income ETF in the third quarter valued at about $122,000.

Amplify High Income ETF Stock Performance

YYY traded up $0.02 during trading on Monday, reaching $11.67. 376,953 shares of the company traded hands, compared to its average volume of 362,749. The company has a market cap of $693.78 million, a P/E ratio of 22.17 and a beta of 0.76. The firm has a fifty day simple moving average of $11.65 and a 200 day simple moving average of $11.71. Amplify High Income ETF has a 12-month low of $9.87 and a 12-month high of $12.03.

Amplify High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were given a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date was Thursday, January 29th.

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.