Amplify High Income ETF (NYSEARCA:YYY) Short Interest Down 15.1% in March

Amplify High Income ETF (NYSEARCA:YYY) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 239,385 shares, a decline of 15.1% from the February 26th total of 281,968 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 603,968 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Amplify High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors grew its position in shares of Amplify High Income ETF by 107.8% during the fourth quarter. World Investment Advisors now owns 156,056 shares of the company’s stock worth $1,796,000 after buying an additional 80,942 shares in the last quarter. NWF Advisory Services Inc. grew its holdings in Amplify High Income ETF by 6.5% during the 4th quarter. NWF Advisory Services Inc. now owns 650,045 shares of the company’s stock worth $7,482,000 after acquiring an additional 39,450 shares in the last quarter. Alpine Global Management LLC acquired a new position in Amplify High Income ETF during the 4th quarter worth approximately $144,000. Cetera Investment Advisers increased its position in shares of Amplify High Income ETF by 24.8% in the 4th quarter. Cetera Investment Advisers now owns 207,453 shares of the company’s stock valued at $2,388,000 after purchasing an additional 41,182 shares during the last quarter. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Amplify High Income ETF in the 4th quarter valued at approximately $196,000.

Amplify High Income ETF Trading Up 0.2%

Shares of NYSEARCA YYY opened at $11.05 on Thursday. The stock has a market cap of $659.69 million, a P/E 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. The business’s fifty day simple moving average is $11.50 and its 200-day simple moving average is $11.62.

Amplify High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 13.0%.

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.