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

by · The Cerbat Gem

Amplify High Income ETF (NYSEARCA:YYY – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 368,361 shares, a drop of 28.2% from the November 30th total of 513,298 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 300,106 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 300,106 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Amplify High Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its holdings in Amplify High Income ETF by 20.7% in the second quarter. Concurrent Investment Advisors LLC now owns 22,501 shares of the company’s stock valued at $263,000 after buying an additional 3,858 shares during the period. Cetera Investment Advisers raised its stake in shares of Amplify High Income ETF by 15.1% in the 2nd quarter. Cetera Investment Advisers now owns 124,857 shares of the company’s stock valued at $1,462,000 after acquiring an additional 16,367 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of 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 valued at $432,000 after acquiring an additional 929 shares during the period. Integrity Alliance LLC. acquired a new position in shares of Amplify High Income ETF during the 1st quarter valued at $260,000. Finally, Brookstone Capital Management boosted its position in Amplify High Income ETF by 22.8% during the 2nd quarter. Brookstone Capital Management now owns 60,672 shares of the company’s stock worth $710,000 after purchasing an additional 11,258 shares during the period.

Amplify High Income ETF Trading Down 0.3%

Shares of Amplify High Income ETF stock traded down $0.04 during mid-day trading on Wednesday, hitting $11.55. 441,218 shares of the stock were exchanged, compared to its average volume of 298,572. Amplify High Income ETF has a twelve month low of $9.87 and a twelve month high of $12.03. The company has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $11.72. The stock has a market capitalization of $631.51 million, a price-to-earnings ratio of 22.17 and a beta of 0.76.

About Amplify High Income ETF

(Get Free Report)

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.

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