Amplify High Income ETF (NYSEARCA:YYY) Sees Strong Trading Volume – What’s Next?

Amplify High Income ETF (NYSEARCA:YYY) shares saw an uptick in trading volume on Thursday. Approximately 2,909,094 shares changed hands during trading, an increase of 622% from the previous session’s volume of 402,898 shares. The stock last traded at $10.2950 and had previously closed at $10.20.

Amplify High Income ETF Price Performance

The business’s fifty day simple moving average is $10.95 and its two-hundred day simple moving average is $11.25. The company has a market cap of $651.79 million, a PE ratio of 22.17 and a beta of 0.73.

Institutional Investors Weigh In On Amplify High Income ETF

A number of institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new stake in shares of Amplify High Income ETF during the 1st quarter valued at about $66,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Amplify High Income ETF in the 1st quarter valued at about $70,000. Fifth Third Bancorp acquired a new position in Amplify High Income ETF in the 1st quarter worth about $77,000. Baird Financial Group Inc. acquired a new position in Amplify High Income ETF in the 2nd quarter worth about $123,000. Finally, Alpine Global Management LLC acquired a new position in Amplify High Income ETF in the 4th quarter worth about $144,000.

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.