Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Rises By 38.6%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 175,489 shares, a growth of 38.6% from the February 26th total of 126,584 shares. Based on an average daily volume of 926,921 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several hedge funds have recently made changes to their positions in DIVO. Simplex Trading LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the fourth quarter valued at approximately $26,000. Optima Capital LLC purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at $27,000. Financial Consulate Inc. purchased a new position in Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at $28,000. Evelyn Partners Asset Management Ltd bought a new position in Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth $30,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at about $53,000.

Amplify CWP Enhanced Dividend Income ETF Stock Down 0.5%

Shares of Amplify CWP Enhanced Dividend Income ETF stock traded down $0.21 on Monday, hitting $44.00. The stock had a trading volume of 968,380 shares, compared to its average volume of 917,481. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72. The stock’s 50-day simple moving average is $45.93 and its two-hundred day simple moving average is $45.28. Amplify CWP Enhanced Dividend Income ETF has a one year low of $36.20 and a one year high of $47.30.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.1863 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. This is a positive change from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 26th.

About Amplify CWP Enhanced Dividend Income ETF

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that is based on the S&P 500 Stock Covered Call index. The fund is an actively-managed ETF that provides income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. DIVO was launched on Dec 14, 2016 and is managed by Amplify.