Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Short Interest Update

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 86,516 shares, a decline of 65.1% from the April 30th total of 247,725 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 784,208 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds have recently bought and sold shares of DIVO. Arete Wealth Advisors LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 47.5% in the 1st quarter. Arete Wealth Advisors LLC now owns 19,144 shares of the company’s stock valued at $857,000 after purchasing an additional 6,167 shares during the period. Royal Fund Management LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 13.5% during the first quarter. Royal Fund Management LLC now owns 6,056 shares of the company’s stock worth $272,000 after purchasing an additional 719 shares during the period. Bank of America Corp DE raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 24.0% in the first quarter. Bank of America Corp DE now owns 510,646 shares of the company’s stock valued at $22,902,000 after buying an additional 98,952 shares in the last quarter. Financial Insights Inc. raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 5.8% in the first quarter. Financial Insights Inc. now owns 74,920 shares of the company’s stock valued at $3,360,000 after buying an additional 4,100 shares in the last quarter. Finally, Cassady Wealth & Retirement Planning LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 29.8% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 105,672 shares of the company’s stock valued at $4,841,000 after buying an additional 24,257 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.6%

DIVO stock traded up $0.26 during trading hours on Friday, hitting $46.24. 1,026,285 shares of the stock were exchanged, compared to its average volume of 902,028. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $40.85 and a 12 month high of $47.30. The firm has a market capitalization of $7.03 billion, a P/E ratio of 22.46 and a beta of 0.65. The company has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $45.61.

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.