Short Interest in Amplify COWS Covered Call ETF (NASDAQ:HCOW) Increases By 106.0%

Amplify COWS Covered Call ETF (NASDAQ:HCOW) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 7,997 shares, an increase of 106.0% from the May 31st total of 3,882 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 5,377 shares, the days-to-cover ratio is presently 1.5 days.

Amplify COWS Covered Call ETF Stock Performance

Shares of HCOW opened at $23.79 on Thursday. The stock has a 50 day simple moving average of $23.90 and a 200 day simple moving average of $23.99. Amplify COWS Covered Call ETF has a 52-week low of $22.66 and a 52-week high of $25.06. The firm has a market capitalization of $16.42 million, a PE ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a $0.2409 dividend. The ex-dividend date of this dividend was Monday, June 29th. This is an increase from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC increased its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,859 shares of the company’s stock after acquiring an additional 4,334 shares during the period. Citadel Advisors LLC owned about 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent SEC filing.

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.