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

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 247,725 shares, a growth of 106.3% from the April 15th total of 120,085 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 931,752 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Hedge funds have recently made changes to their positions in the business. Financial Designs Corp grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 4.5% during the 4th quarter. Financial Designs Corp now owns 302,840 shares of the company’s stock worth $13,476,000 after acquiring an additional 12,906 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 6.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 231,938 shares of the company’s stock worth $10,321,000 after acquiring an additional 14,738 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $5,202,000. Savvy Advisors Inc. bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $2,445,000. Finally, Clear Trail Advisors LLC bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $16,392,000.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of DIVO traded down $0.25 during mid-day trading on Friday, hitting $45.37. 634,649 shares of the company’s stock were exchanged, compared to its average volume of 910,745. The company has a market cap of $6.89 billion, a PE ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 52 week low of $40.58 and a 52 week high of $47.30. The company has a 50-day simple moving average of $45.38 and a 200 day simple moving average of $45.54.

About Amplify CWP Enhanced Dividend Income ETF

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.