Short Interest in Amplify COWS Covered Call ETF (NASDAQ:HCOW) Grows By 97.0%

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 9,340 shares, a growth of 97.0% from the June 30th total of 4,742 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average trading volume of 5,355 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Amplify COWS Covered Call ETF

An institutional investor recently raised its position in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC boosted its holdings in Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,859 shares of the company’s stock after acquiring an additional 4,334 shares during the quarter. Citadel Advisors LLC owned 4.42% of Amplify COWS Covered Call ETF worth $573,000 at the end of the most recent reporting period.

Amplify COWS Covered Call ETF Price Performance

NASDAQ:HCOW traded up $0.12 during trading hours on Friday, hitting $25.02. The stock had a trading volume of 14,881 shares, compared to its average volume of 4,865. The company has a 50 day simple moving average of $24.18 and a two-hundred day simple moving average of $23.97. Amplify COWS Covered Call ETF has a one year low of $22.66 and a one year high of $25.59. The firm has a market capitalization of $17.26 million, a price-to-earnings ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 30th will be given a $0.2546 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. This is a boost from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. The ex-dividend date is Thursday, July 30th.

Amplify COWS Covered Call ETF Company Profile

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.