Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Sees Significant Increase in Short Interest

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 19,339 shares, a growth of 139.6% from the July 15th total of 8,071 shares. Based on an average trading volume of 12,201 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.4% of the shares of the stock are sold short.

Amplify Natural Resources Dividend Income ETF Stock Up 1.3%

Shares of NYSEARCA NDIV traded up $0.43 during midday trading on Friday, hitting $34.62. The stock had a trading volume of 10,720 shares, compared to its average volume of 15,476. The company has a market capitalization of $27.70 million, a PE ratio of 11.40 and a beta of 0.53. The stock has a 50 day simple moving average of $33.17 and a 200-day simple moving average of $33.78. Amplify Natural Resources Dividend Income ETF has a 1 year low of $26.20 and a 1 year high of $37.65.

About Amplify Natural Resources Dividend Income ETF

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.