Short Interest in Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Declines By 47.5%

Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 49,518 shares, a decline of 47.5% from the May 31st total of 94,370 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 320,123 shares, the short-interest ratio is presently 0.2 days.

Amplify CWP Growth & Income ETF Trading Down 0.5%

NYSEARCA:QDVO traded down $0.15 during mid-day trading on Wednesday, reaching $29.69. The company’s stock had a trading volume of 288,525 shares, compared to its average volume of 330,899. The stock has a market cap of $673.96 million, a P/E ratio of 35.30 and a beta of 1.02. The firm’s fifty day moving average price is $29.97 and its two-hundred day moving average price is $28.93. Amplify CWP Growth & Income ETF has a 12-month low of $25.75 and a 12-month high of $30.97.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QDVO. Stratos Wealth Partners LTD. purchased a new stake in Amplify CWP Growth & Income ETF in the fourth quarter worth about $996,000. Merit Financial Group LLC increased its position in Amplify CWP Growth & Income ETF by 3.3% during the 4th quarter. Merit Financial Group LLC now owns 622,854 shares of the company’s stock valued at $18,075,000 after buying an additional 20,052 shares in the last quarter. Sigma Planning Corp purchased a new stake in Amplify CWP Growth & Income ETF in the fourth quarter valued at about $1,316,000. Claris Financial LLC purchased a new stake in Amplify CWP Growth & Income ETF in the fourth quarter valued at about $894,000. Finally, Tactive Advisors LLC acquired a new stake in Amplify CWP Growth & Income ETF in the first quarter worth about $686,000.

About Amplify CWP Growth & Income ETF

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.