Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Drops By 38.5%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 170,504 shares, a decrease of 38.5% from the May 31st total of 277,173 shares. Based on an average trading volume of 1,029,141 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $26,000. Optima Capital LLC acquired a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $27,000. Financial Consulate Inc. acquired a new position in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $28,000. Evelyn Partners Asset Management Ltd purchased a new position in Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $30,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $53,000.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA:DIVO remained flat at $46.43 during trading hours on Friday. The company’s stock had a trading volume of 679,462 shares, compared to its average volume of 904,578. The company has a 50-day moving average price of $45.85 and a 200-day moving average price of $45.76. The firm has a market capitalization of $7.30 billion, a P/E ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $42.29 and a 1 year high of $47.30.

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.