Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Significant Decrease in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 142,147 shares, a drop of 54.4% from the July 15th total of 311,532 shares. Based on an average trading volume of 845,555 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.0%

Shares of DIVO stock traded up $0.01 during trading hours on Friday, hitting $48.45. 623,690 shares of the company’s stock were exchanged, compared to its average volume of 876,273. The company has a market capitalization of $7.88 billion, a PE ratio of 22.46 and a beta of 0.64. Amplify CWP Enhanced Dividend Income ETF has a 12-month low of $43.05 and a 12-month high of $48.56. The business’s 50 day simple moving average is $46.63 and its 200-day simple moving average is $46.10.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Wealth Strategies LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 5.2% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock worth $197,000 after purchasing an additional 217 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% during the fourth quarter. IHT Wealth Management LLC now owns 8,644 shares of the company’s stock valued at $385,000 after buying an additional 239 shares during the last quarter. Sachetta LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 1.2% in the first quarter. Sachetta LLC now owns 21,338 shares of the company’s stock worth $957,000 after buying an additional 249 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% in the third quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock worth $362,000 after buying an additional 253 shares during the period. Finally, Money Concepts Capital Corp increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 3.8% in the first quarter. Money Concepts Capital Corp now owns 7,209 shares of the company’s stock worth $323,000 after buying an additional 267 shares during the period.

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.