Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Short Interest Up 220.4% in May

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 277,173 shares, a growth of 220.4% from the May 14th total of 86,516 shares. Based on an average daily trading volume, of 811,986 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of NYSEARCA DIVO traded up $0.33 during trading on Friday, reaching $46.42. The stock had a trading volume of 996,801 shares, compared to its average volume of 915,786. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $41.33 and a fifty-two week high of $47.30. The business’s 50-day moving average price is $45.75 and its 200-day moving average price is $45.69. The company has a market cap of $7.05 billion, a P/E ratio of 22.46 and a beta of 0.65.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of institutional investors have recently modified their holdings of DIVO. Creative Planning acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at $438,000. JPMorgan Chase & Co. grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 18.6% in the second quarter. JPMorgan Chase & Co. now owns 39,062 shares of the company’s stock valued at $1,662,000 after buying an additional 6,132 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 8.1% in the second quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock valued at $370,000 after buying an additional 648 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5,278.3% in the second quarter. Qube Research & Technologies Ltd now owns 46,899 shares of the company’s stock valued at $1,996,000 after buying an additional 46,027 shares in the last quarter. Finally, NCM Capital Management LLC grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.9% in the second quarter. NCM Capital Management LLC now owns 299,115 shares of the company’s stock valued at $12,734,000 after buying an additional 11,291 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Company Profile

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.