Short Interest in Amplify COWS Covered Call ETF (NASDAQ:HCOW) Decreases By 79.2%

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,769 shares, a decrease of 79.2% from the April 30th total of 13,338 shares. Based on an average daily volume of 5,279 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

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

Amplify COWS Covered Call ETF Price Performance

Shares of NASDAQ:HCOW traded up $0.31 during trading hours on Friday, hitting $24.24. 8,140 shares of the company’s stock traded hands, compared to its average volume of 4,679. The business has a fifty day moving average price of $23.55 and a 200-day moving average price of $24.01. Amplify COWS Covered Call ETF has a 1 year low of $21.71 and a 1 year high of $25.06. The firm has a market capitalization of $15.27 million, a P/E ratio of 13.13 and a beta of 0.76.

Amplify COWS Covered Call ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 28th will be issued a $0.2407 dividend. This is a boost from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Thursday, May 28th.

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.