Short Interest in Amplify COWS Covered Call ETF (NASDAQ:HCOW) Declines By 40.7%

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,742 shares, a decline of 40.7% from the June 15th total of 7,997 shares. Based on an average trading volume of 5,462 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.7% of the shares of the company are sold short.

Amplify COWS Covered Call ETF Price Performance

Shares of HCOW stock traded down $0.09 on Friday, hitting $24.35. 5,409 shares of the stock traded hands, compared to its average volume of 4,833. The company’s fifty day moving average is $23.94 and its 200 day moving average is $23.96. Amplify COWS Covered Call ETF has a 1-year low of $22.66 and a 1-year high of $25.06. The company has a market capitalization of $16.80 million, a PE ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.2409 per share. The ex-dividend date was Monday, June 29th. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a yield of 11.9%.

Institutional Trading of Amplify COWS Covered Call ETF

An institutional investor recently raised its position in Amplify COWS Covered Call ETF stock. Gradient Investments LLC lifted its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 338,147 shares of the company’s stock after buying an additional 9,949 shares during the period. Gradient Investments LLC owned 49.01% of Amplify COWS Covered Call ETF worth $7,997,000 at the end of the most recent reporting period.

Amplify COWS Covered Call ETF Company Profile

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.