Short Interest in Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Drops By 47.5%

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIVGet Free Report) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 894 shares, a decline of 47.5% from the February 12th total of 1,704 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,328 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 12,328 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Amplify Natural Resources Dividend Income ETF Stock Performance

Shares of NYSEARCA NDIV traded up $0.11 during midday trading on Thursday, hitting $34.56. 24,234 shares of the company traded hands, compared to its average volume of 12,553. Amplify Natural Resources Dividend Income ETF has a 12-month low of $23.77 and a 12-month high of $37.65. The firm has a market cap of $20.74 million, a P/E ratio of 11.40 and a beta of 0.82. The stock has a 50-day moving average price of $30.95 and a 200 day moving average price of $28.86.

Amplify Natural Resources Dividend Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.2706 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This is a positive change from Amplify Natural Resources Dividend Income ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 9.4%.

Amplify Natural Resources Dividend Income ETF Company Profile

(Get Free Report)

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.

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