Short Interest in Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Drops By 78.4%

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 3,642 shares, a decline of 78.4% from the May 31st total of 16,823 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 3,840 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF in the 4th quarter worth about $42,000. Kestra Advisory Services LLC purchased a new position in Amplify Cash Flow Dividend Leaders ETF during the 4th quarter valued at about $128,000. CreativeOne Wealth LLC acquired a new position in Amplify Cash Flow Dividend Leaders ETF during the fourth quarter worth about $257,000. Cetera Investment Advisers raised its position in Amplify Cash Flow Dividend Leaders ETF by 57.0% during the second quarter. Cetera Investment Advisers now owns 16,312 shares of the company’s stock worth $477,000 after acquiring an additional 5,921 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 1,891.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 19,917 shares of the company’s stock valued at $663,000 after purchasing an additional 18,917 shares in the last quarter.

Amplify Cash Flow Dividend Leaders ETF Stock Up 0.6%

NASDAQ COWS traded up $0.20 during mid-day trading on Friday, hitting $36.48. The stock had a trading volume of 2,522 shares, compared to its average volume of 7,383. Amplify Cash Flow Dividend Leaders ETF has a 52-week low of $29.05 and a 52-week high of $36.98. The company has a market cap of $34.29 million, a price-to-earnings ratio of 10.37 and a beta of 0.96. The company has a 50 day simple moving average of $35.29 and a 200 day simple moving average of $34.26.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were issued a $0.0605 dividend. This is a positive change from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 28th.

About Amplify Cash Flow Dividend Leaders ETF

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.