Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Significant Decrease in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 170,504 shares, a decrease of 38.5% from the May 31st total of 277,173 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,029,141 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DIVO. Raymond James Financial Inc. lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 5.2% during the 4th quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock valued at $693,577,000 after purchasing an additional 772,345 shares during the last quarter. LPL Financial LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 7,447,779 shares of the company’s stock valued at $331,426,000 after purchasing an additional 294,892 shares during the period. Retirement Planning Group LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 9.9% in the 1st quarter. Retirement Planning Group LLC now owns 3,180,704 shares of the company’s stock valued at $142,655,000 after purchasing an additional 287,226 shares during the period. Morgan Stanley grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 22.8% during the 4th quarter. Morgan Stanley now owns 2,929,359 shares of the company’s stock worth $130,357,000 after purchasing an additional 543,114 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,743,905 shares of the company’s stock worth $124,439,000 after purchasing an additional 19,248 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Price Performance

DIVO stock traded up $0.64 during trading hours on Thursday, reaching $46.43. 678,806 shares of the stock were exchanged, compared to its average volume of 904,572. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. The firm’s 50-day moving average is $45.84 and its 200-day moving average is $45.75. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $42.29 and a 12 month high of $47.30.

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.