Amplify COWS Covered Call ETF (NASDAQ:HCOW) Stock Price Down 0.5% – Here’s Why

Amplify COWS Covered Call ETF (NASDAQ:HCOW) fell 0.5% during trading on Thursday . The stock traded as low as $25.89 and last traded at $25.95. 6,474 shares changed hands during trading, an increase of 20% from the average daily volume of 5,380 shares. The stock had previously closed at $26.09.

Amplify COWS Covered Call ETF Stock Up 1.2%

The business has a 50-day moving average price of $24.72 and a two-hundred day moving average price of $24.12. The company has a market capitalization of $18.11 million, a price-to-earnings ratio of 13.13 and a beta of 0.71.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 30th were issued a dividend of $0.2546 per share. The ex-dividend date was Thursday, July 30th. 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 11.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Gradient Investments LLC increased its position in shares of Amplify COWS Covered Call ETF by 3.0% during the second quarter. Gradient Investments LLC now owns 338,147 shares of the company’s stock worth $7,997,000 after acquiring an additional 9,949 shares in the last quarter. Carter Financial Group INC. bought a new position in Amplify COWS Covered Call ETF in the 2nd quarter valued at about $2,838,000. RPg Family Wealth Advisory LLC acquired a new position in Amplify COWS Covered Call ETF during the 2nd quarter valued at about $3,005,000. Risk Paradigm Group LLC acquired a new position in Amplify COWS Covered Call ETF during the 2nd quarter valued at about $3,005,000. Finally, Nwam LLC bought a new stake in Amplify COWS Covered Call ETF during the 2nd quarter worth approximately $1,846,000.

About Amplify COWS Covered Call ETF

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.