Amplify High Income ETF (NYSEARCA:YYY) Short Interest Up 147.0% in March

Amplify High Income ETF (NYSEARCA:YYY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 591,351 shares, a growth of 147.0% from the March 15th total of 239,385 shares. Based on an average daily trading volume, of 456,676 shares, the short-interest ratio is presently 1.3 days. Approximately 1.0% of the shares of the stock are sold short.

Amplify High Income ETF Stock Performance

Shares of YYY stock opened at $11.41 on Tuesday. The firm has a market capitalization of $693.73 million, a PE ratio of 22.17 and a beta of 0.73. The stock has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $11.58. Amplify High Income ETF has a 52-week low of $10.66 and a 52-week high of $11.93.

Amplify High Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CreativeOne Wealth LLC grew its position in shares of Amplify High Income ETF by 109.6% during the third quarter. CreativeOne Wealth LLC now owns 94,025 shares of the company’s stock valued at $1,110,000 after purchasing an additional 49,164 shares in the last quarter. NWF Advisory Services Inc. lifted its holdings in shares of Amplify High Income ETF by 10.2% in the 3rd quarter. NWF Advisory Services Inc. now owns 610,595 shares of the company’s stock valued at $7,211,000 after acquiring an additional 56,300 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Amplify High Income ETF in the 3rd quarter valued at about $41,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Amplify High Income ETF by 12.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 118,746 shares of the company’s stock valued at $1,402,000 after acquiring an additional 12,775 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Amplify High Income ETF by 7.1% in the 3rd quarter. Wedbush Securities Inc. now owns 229,014 shares of the company’s stock valued at $2,705,000 after acquiring an additional 15,152 shares during 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.