Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Short Interest Up 81.6% in August

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 164,038 shares, an increase of 81.6% from the August 15th total of 90,316 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 762,069 shares, the short-interest ratio is presently 0.2 days.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

DIVO traded down $0.46 during midday trading on Wednesday, hitting $47.05. The stock had a trading volume of 1,026,290 shares, compared to its average volume of 866,794. The company has a market cap of $7.57 billion, a P/E ratio of 22.46 and a beta of 0.65. The business has a fifty day moving average of $47.60 and a 200 day moving average of $46.38. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $43.55 and a 1 year high of $49.03.

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. Evelyn Partners Asset Management Ltd bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth approximately $30,000. Tsfg LLC raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 31.0% during the second quarter. Tsfg LLC now owns 1,386 shares of the company’s stock valued at $63,000 after acquiring an additional 328 shares in the last quarter. Blue Trust Inc. lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 1,295.8% in the first quarter. Blue Trust Inc. now owns 2,652 shares of the company’s stock worth $119,000 after acquiring an additional 2,462 shares during the period. Operose Advisors LLC bought a new stake in Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at $126,000. Finally, Root Financial Partners LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 139.1% in the fourth quarter. Root Financial Partners LLC now owns 3,385 shares of the company’s stock valued at $151,000 after acquiring an additional 1,969 shares in the last quarter.

About Amplify CWP Enhanced Dividend Income ETF

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.