Amplify High Income ETF (NYSEARCA:YYY) Sees Large Growth in Short Interest

Amplify High Income ETF (NYSEARCA:YYY) was the recipient of 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. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily volume of 383,034 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 383,034 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On Amplify High Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its stake in shares of Amplify High Income ETF by 5.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 16,611 shares of the company’s stock valued at $196,000 after purchasing an additional 855 shares during the last quarter. Money Concepts Capital Corp raised its holdings in Amplify High Income ETF by 4.6% during the 3rd quarter. Money Concepts Capital Corp now owns 20,802 shares of the company’s stock valued at $246,000 after buying an additional 911 shares during the period. Janney Montgomery Scott LLC lifted its position in Amplify High Income ETF by 2.6% in the second quarter. Janney Montgomery Scott LLC now owns 36,923 shares of the company’s stock worth $432,000 after buying an additional 929 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Amplify High Income ETF by 6.8% during the second quarter. Arkadios Wealth Advisors now owns 15,606 shares of the company’s stock worth $183,000 after buying an additional 1,000 shares during the period. Finally, HighTower Advisors LLC increased its position in Amplify High Income ETF by 0.9% during the fourth quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock valued at $1,423,000 after acquiring an additional 1,052 shares during the last quarter.

Amplify High Income ETF Stock Up 0.6%

Amplify High Income ETF stock opened at $11.84 on Monday. Amplify High Income ETF has a 52-week low of $9.87 and a 52-week high of $12.03. The firm’s fifty day moving average is $11.66 and its 200 day moving average is $11.71. The company has a market cap of $706.85 million, a price-to-earnings ratio of 22.17 and a beta of 0.76.

Amplify High Income ETF Dividend Announcement

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

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.