Amplify High Income ETF (NYSEARCA:YYY) Short Interest Up 60.5% in January

Amplify High Income ETF (NYSEARCA:YYY) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 479,401 shares, a growth of 60.5% from the January 15th total of 298,656 shares. Based on an average daily volume of 383,034 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 383,034 shares, the days-to-cover ratio is currently 1.3 days.

Amplify High Income ETF Trading Up 0.6%

NYSEARCA:YYY traded up $0.07 during trading hours on Friday, hitting $11.84. 324,105 shares of the stock traded hands, compared to its average volume of 352,727. The firm has a 50 day moving average price of $11.66 and a 200 day moving average price of $11.71. The firm has a market cap of $706.85 million, a price-to-earnings ratio of 22.17 and a beta of 0.76. Amplify High Income ETF has a fifty-two week low of $9.87 and a fifty-two week high of $12.03.

Amplify High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Hedge Funds Weigh In On Amplify High Income ETF

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of Amplify High Income ETF by 3.2% during the first quarter. NewEdge Advisors LLC now owns 58,733 shares of the company’s stock worth $670,000 after purchasing an additional 1,842 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Amplify High Income ETF by 2.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock valued at $432,000 after acquiring an additional 929 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Amplify High Income ETF by 20.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,501 shares of the company’s stock valued at $263,000 after acquiring an additional 3,858 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Amplify High Income ETF by 1.5% in the second quarter. International Assets Investment Management LLC now owns 312,932 shares of the company’s stock worth $3,664,000 after acquiring an additional 4,590 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Amplify High Income ETF by 22.8% during the second quarter. Brookstone Capital Management now owns 60,672 shares of the company’s stock worth $710,000 after acquiring an additional 11,258 shares in the last quarter.

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.