Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Grows By 81.6%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 164,038 shares, an increase of 81.6% from the August 15th total of 90,316 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 762,069 shares, the days-to-cover ratio is presently 0.2 days.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.8%

Shares of DIVO stock traded up $0.37 during mid-day trading on Thursday, reaching $47.42. The stock had a trading volume of 831,544 shares, compared to its average volume of 866,602. Amplify CWP Enhanced Dividend Income ETF has a 12-month low of $43.55 and a 12-month high of $49.03. The company has a market cap of $7.63 billion, a P/E ratio of 22.46 and a beta of 0.65. The business has a 50-day simple moving average of $47.62 and a 200 day simple moving average of $46.38.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evelyn Partners Asset Management Ltd purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $30,000. Tsfg LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 31.0% in the 2nd quarter. Tsfg LLC now owns 1,386 shares of the company’s stock valued at $63,000 after buying an additional 328 shares in the last quarter. Blue Trust Inc. grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 1,295.8% during the 1st quarter. Blue Trust Inc. now owns 2,652 shares of the company’s stock valued at $119,000 after buying an additional 2,462 shares during the last quarter. Operose Advisors LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter valued at $126,000. Finally, Root Financial Partners LLC increased its position in Amplify CWP Enhanced Dividend Income ETF by 139.1% during the fourth quarter. Root Financial Partners LLC now owns 3,385 shares of the company’s stock worth $151,000 after buying an additional 1,969 shares in the last quarter.

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.