Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,055,115 shares, a growth of 93.1% from the April 15th total of 546,341 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 296,112 shares, the short-interest ratio is currently 3.6 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in Amplify High Income ETF in the third quarter worth $41,000. Winnow Wealth LLC purchased a new position in Amplify High Income ETF in the third quarter worth $49,000. LFA Lugano Financial Advisors SA purchased a new position in Amplify High Income ETF in the first quarter worth $70,000. Fifth Third Bancorp purchased a new position in Amplify High Income ETF in the first quarter worth $77,000. Finally, Triumph Capital Management purchased a new position in Amplify High Income ETF in the third quarter worth $105,000.
Amplify High Income ETF Trading Down 0.3%
Shares of YYY traded down $0.03 during mid-day trading on Monday, reaching $11.42. 383,194 shares of the stock traded hands, compared to its average volume of 385,571. Amplify High Income ETF has a 1 year low of $10.69 and a 1 year high of $11.93. The firm has a fifty day moving average price of $11.32 and a 200 day moving average price of $11.54. The company has a market cap of $704.04 million, a price-to-earnings ratio of 22.17 and a beta of 0.73.
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.
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