Amplify High Income ETF (NYSEARCA:YYY) Sees Strong Trading Volume – What’s Next?

Amplify High Income ETF (NYSEARCA:YYY) saw unusually-strong trading volume on Wednesday . Approximately 2,127,838 shares changed hands during trading, an increase of 458% from the previous session’s volume of 381,385 shares.The stock last traded at $11.38 and had previously closed at $11.49.

Amplify High Income ETF Price Performance

The firm has a market capitalization of $702.19 million, a PE ratio of 22.17 and a beta of 0.73. The company’s fifty day simple moving average is $11.38 and its 200 day simple moving average is $11.53.

Institutional Investors Weigh In On Amplify High Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new stake in Amplify High Income ETF during the third quarter valued at about $41,000. Western Wealth Management LLC bought a new position in Amplify High Income ETF in the 1st quarter worth about $66,000. LFA Lugano Financial Advisors SA bought a new position in Amplify High Income ETF in the 1st quarter worth about $70,000. Fifth Third Bancorp bought a new position in Amplify High Income ETF in the 1st quarter worth about $77,000. Finally, Triumph Capital Management bought a new position in Amplify High Income ETF in the 3rd quarter worth about $105,000.

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.