Short Interest in Amplify COWS Covered Call ETF (NASDAQ:HCOW) Expands By 20.9%

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 9,006 shares, an increase of 20.9% from the January 15th total of 7,448 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 5,184 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 5,184 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Trading of Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC grew its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,859 shares of the company’s stock after acquiring an additional 4,334 shares during the quarter. Citadel Advisors LLC owned about 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent SEC filing.

Amplify COWS Covered Call ETF Stock Up 0.7%

NASDAQ HCOW traded up $0.18 on Wednesday, hitting $24.45. The stock had a trading volume of 1,689 shares, compared to its average volume of 4,052. The company’s 50-day moving average is $24.44 and its two-hundred day moving average is $24.17. Amplify COWS Covered Call ETF has a one year low of $20.04 and a one year high of $25.57. The stock has a market cap of $13.94 million, a price-to-earnings ratio of 13.13 and a beta of 0.90.

Amplify COWS Covered Call ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were issued a $0.2444 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date of this dividend was Thursday, January 29th.

About Amplify COWS Covered Call ETF

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.