Amplify High Income ETF (NYSEARCA:YYY) Sees Large Volume Increase – Here’s Why

Amplify High Income ETF (NYSEARCA:YYY) shares saw an uptick in trading volume on Thursday. 1,659,902 shares were traded during mid-day trading, an increase of 285% from the average daily volume of 431,300 shares. The stock last traded at $10.2050 and had previously closed at $10.42.

Amplify High Income ETF Trading Up 1.1%

The stock has a market cap of $670.01 million, a price-to-earnings ratio of 22.17 and a beta of 0.74. The firm’s 50 day moving average is $10.57 and its two-hundred day moving average is $11.24.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Money Concepts Capital Corp purchased a new stake in Amplify High Income ETF in the 3rd quarter valued at about $229,000. AMG National Trust Bank acquired a new stake in Amplify High Income ETF in the third quarter valued at approximately $122,000. United Capital Management of KS Inc. purchased a new position in Amplify High Income ETF in the 3rd quarter valued at about $149,000. Kestra Advisory Services LLC grew its stake in Amplify High Income ETF by 2.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 194,865 shares of the company’s stock valued at $2,023,000 after purchasing an additional 4,414 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Amplify High Income ETF in the third quarter worth $2,288,000.

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.