Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Drops By 50.1%

Amplify High Income ETF (NYSEARCA:YYY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 301,401 shares, a decline of 50.1% from the July 30th total of 603,651 shares. Based on an average daily trading volume, of 298,633 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Amplify High Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of YYY. LPL Financial LLC increased its position in Amplify High Income ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 2,846,681 shares of the company’s stock valued at $32,765,000 after acquiring an additional 99,341 shares during the last quarter. LJI Wealth Management LLC boosted its holdings in shares of Amplify High Income ETF by 14.1% in the fourth quarter. LJI Wealth Management LLC now owns 1,710,583 shares of the company’s stock worth $19,689,000 after buying an additional 211,845 shares during the last quarter. Osaic Holdings Inc. grew its position in Amplify High Income ETF by 9.6% during the fourth quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock valued at $12,113,000 after buying an additional 92,051 shares during the period. NWF Advisory Services Inc. increased its holdings in Amplify High Income ETF by 6.3% during the second quarter. NWF Advisory Services Inc. now owns 714,145 shares of the company’s stock valued at $8,234,000 after buying an additional 42,200 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Amplify High Income ETF by 21,474,050.0% during the fourth quarter. Wells Fargo & Company MN now owns 429,483 shares of the company’s stock valued at $4,943,000 after buying an additional 429,481 shares during the last quarter.

Amplify High Income ETF Stock Down 1.4%

Shares of NYSEARCA YYY traded down $0.16 during trading on Friday, reaching $11.26. 276,734 shares of the company traded hands, compared to its average volume of 377,147. The firm has a 50 day simple moving average of $11.44 and a 200-day simple moving average of $11.44. Amplify High Income ETF has a 52-week low of $10.69 and a 52-week high of $11.93. The stock has a market capitalization of $724.58 million, a PE ratio of 22.17 and a beta of 0.72.

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.