Short Interest in Amplify High Income ETF (NYSEARCA:YYY) Declines By 40.9%

Amplify High Income ETF (NYSEARCA:YYY) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 283,423 shares, a decline of 40.9% from the January 29th total of 479,401 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 334,162 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 334,162 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the shares of the company are short sold.

Amplify High Income ETF Stock Performance

YYY stock opened at $11.70 on Friday. The stock has a market capitalization of $698.49 million, a PE ratio of 22.17 and a beta of 0.76. The company has a fifty day moving average of $11.71 and a 200-day moving average of $11.72. Amplify High Income ETF has a one year low of $9.87 and a one year high of $11.93.

Amplify High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend was Thursday, February 26th.

Hedge Funds Weigh In On Amplify High Income ETF

A number of large investors have recently modified their holdings of YYY. Alpine Global Management LLC purchased a new stake in shares of Amplify High Income ETF in the fourth quarter valued at approximately $144,000. Cetera Investment Advisers lifted its holdings in Amplify High Income ETF by 24.8% in the fourth quarter. Cetera Investment Advisers now owns 207,453 shares of the company’s stock valued at $2,388,000 after acquiring an additional 41,182 shares during the period. Regal Investment Advisors LLC purchased a new stake in shares of Amplify High Income ETF during the 4th quarter worth $196,000. Osaic Holdings Inc. grew its stake in shares of Amplify High Income ETF by 9.6% during the 4th quarter. Osaic Holdings Inc. now owns 1,052,382 shares of the company’s stock worth $12,113,000 after purchasing an additional 92,051 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in shares of Amplify High Income ETF by 20.8% in the 4th quarter. CreativeOne Wealth LLC now owns 113,549 shares of the company’s stock valued at $1,307,000 after purchasing an additional 19,524 shares in the last quarter.

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.