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

Amplify High Income ETF (NYSEARCA:YYY) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 479,401 shares, an increase of 60.5% from the January 15th total of 298,656 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 383,034 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 383,034 shares, the short-interest ratio is currently 1.3 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position 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 in the last quarter. Janney Montgomery Scott LLC raised its position in Amplify High Income ETF by 2.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock worth $432,000 after purchasing an additional 929 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in 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 worth $263,000 after buying an additional 3,858 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Amplify High Income ETF by 1.5% during the 2nd quarter. International Assets Investment Management LLC now owns 312,932 shares of the company’s stock worth $3,664,000 after buying an additional 4,590 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in Amplify High Income ETF by 22.8% in the 2nd quarter. Brookstone Capital Management now owns 60,672 shares of the company’s stock valued at $710,000 after buying an additional 11,258 shares during the last quarter.

Amplify High Income ETF Trading Up 0.6%

NYSEARCA YYY traded up $0.07 during trading hours on Friday, reaching $11.84. 324,105 shares of the company’s stock were exchanged, compared to its average volume of 352,727. The firm has a fifty day moving average of $11.66 and a 200-day moving average of $11.71. Amplify High Income ETF has a one year low of $9.87 and a one year high of $12.03. The stock has a market cap of $706.85 million, a PE ratio of 22.17 and a beta of 0.76.

Amplify High Income ETF Dividend Announcement

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

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.