Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Drops By 52.5%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 162,414 shares, a drop of 52.5% from the January 15th total of 342,109 shares. Based on an average daily volume of 852,108 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 852,108 shares, the short-interest ratio is currently 0.2 days.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

NYSEARCA:DIVO traded up $0.05 during trading hours on Friday, reaching $46.59. The company’s stock had a trading volume of 809,920 shares, compared to its average volume of 902,741. The company has a market capitalization of $6.33 billion, a P/E ratio of 22.46 and a beta of 0.72. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $36.20 and a 12 month high of $47.30. The stock has a 50 day moving average price of $45.71 and a two-hundred day moving average price of $44.72.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were given a $0.1826 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Wealth Strategies LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock valued at $197,000 after buying an additional 217 shares during the last quarter. Sachetta LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 1.2% in the third quarter. Sachetta LLC now owns 20,480 shares of the company’s stock valued at $913,000 after acquiring an additional 240 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% during the third quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock worth $362,000 after purchasing an additional 253 shares in the last quarter. Bank of Montreal Can increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.9% during the second quarter. Bank of Montreal Can now owns 5,454 shares of the company’s stock worth $232,000 after purchasing an additional 256 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC lifted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.4% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 11,380 shares of the company’s stock valued at $484,000 after purchasing an additional 263 shares during the last quarter.

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.