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

Amplify High Income ETF (NYSEARCA:YYY) saw a significant decline in short interest during 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. Based on an average daily trading volume, of 334,162 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are short sold. 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 currently 0.8 days.

Amplify High Income ETF Trading Down 0.3%

Shares of YYY opened at $11.70 on Friday. The company’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $11.72. The firm has a market cap of $698.49 million, a PE ratio of 22.17 and a beta of 0.76. Amplify High Income ETF has a 12-month low of $9.87 and a 12-month 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 given a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Investors Weigh In On Amplify High Income ETF

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC increased its position in 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 acquiring an additional 855 shares during the period. Money Concepts Capital Corp grew its stake in shares of Amplify High Income ETF by 4.6% in the 3rd quarter. Money Concepts Capital Corp now owns 20,802 shares of the company’s stock valued at $246,000 after purchasing an additional 911 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Amplify High Income ETF by 6.8% in the second quarter. Arkadios Wealth Advisors now owns 15,606 shares of the company’s stock valued at $183,000 after purchasing an additional 1,000 shares during the period. HighTower Advisors LLC increased its holdings in shares of Amplify High Income ETF by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 123,596 shares of the company’s stock valued at $1,423,000 after purchasing an additional 1,052 shares during the period. Finally, Ignite Planners LLC raised its stake in shares of Amplify High Income ETF by 2.9% during the fourth quarter. Ignite Planners LLC now owns 55,447 shares of the company’s stock worth $646,000 after purchasing an additional 1,586 shares during the last quarter.

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.