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

Amplify High Income ETF (NYSEARCA:YYY) saw an uptick in trading volume on Monday . 812,708 shares were traded during trading, an increase of 101% from the previous session’s volume of 404,599 shares.The stock last traded at $11.46 and had previously closed at $11.38.

Amplify High Income ETF Stock Performance

The company has a market capitalization of $703.43 million, a PE ratio of 22.17 and a beta of 0.72. The company’s 50-day simple moving average is $11.46 and its 200-day simple moving average is $11.51.

Institutional Investors Weigh In On Amplify High Income ETF

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in shares of Amplify High Income ETF during the third quarter worth $41,000. Western Wealth Management LLC acquired a new stake in shares of Amplify High Income ETF during the first quarter worth $66,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Amplify High Income ETF during the first quarter worth $70,000. Fifth Third Bancorp acquired a new stake in shares of Amplify High Income ETF during the first quarter worth $77,000. Finally, Triumph Capital Management acquired a new stake in shares of Amplify High Income ETF during the third quarter worth $105,000.

Amplify High Income ETF Company Profile

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.