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

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the target of a large decrease in short interest during 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 daily volume of 1,029,141 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Amplify CWP Enhanced Dividend Income ETF Price Performance

Shares of Amplify CWP Enhanced Dividend Income ETF stock opened at $46.43 on Friday. Amplify CWP Enhanced Dividend Income ETF has a twelve month low of $42.29 and a twelve month high of $47.30. The business has a 50-day moving average price of $45.86 and a 200-day moving average price of $45.76. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIVO. Simplex Trading LLC bought a new stake in Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth approximately $26,000. Optima Capital LLC purchased a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth approximately $27,000. Financial Consulate Inc. bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at approximately $28,000. Evelyn Partners Asset Management Ltd bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter valued at approximately $30,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at $53,000.

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.