Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Significant Growth in Short Interest

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 11,000 shares, a growth of 37.5% from the February 13th total of 8,000 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COWS. Steward Partners Investment Advisory LLC increased its position in shares of Amplify Cash Flow Dividend Leaders ETF by 135.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock valued at $381,000 after buying an additional 7,440 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Amplify Cash Flow Dividend Leaders ETF by 23.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock valued at $481,000 after buying an additional 3,042 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Amplify Cash Flow Dividend Leaders ETF in the fourth quarter valued at $205,000.

Amplify Cash Flow Dividend Leaders ETF Stock Performance

NASDAQ:COWS traded up $0.57 during trading hours on Friday, hitting $27.87. The company’s stock had a trading volume of 5,607 shares, compared to its average volume of 16,831. The business’s 50-day moving average is $29.43 and its two-hundred day moving average is $29.78. The company has a market capitalization of $15.33 million, a PE ratio of 10.92 and a beta of 1.08. Amplify Cash Flow Dividend Leaders ETF has a 52-week low of $27.15 and a 52-week high of $32.26.

Amplify Cash Flow Dividend Leaders ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were given a $0.0705 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Amplify Cash Flow Dividend Leaders ETF’s previous dividend of $0.07.

Amplify Cash Flow Dividend Leaders ETF Company Profile

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.