Amplify COWS Covered Call ETF (NASDAQ:HCOW) Stock Price Down 0% – Here’s Why

Shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) dropped 0% during trading on Tuesday . The company traded as low as $23.85 and last traded at $23.93. Approximately 3,795 shares were traded during mid-day trading, a decline of 20% from the average session volume of 4,727 shares. The stock had previously closed at $23.94.

Amplify COWS Covered Call ETF Price Performance

The firm has a market cap of $15.18 million, a P/E ratio of 13.13 and a beta of 0.75. The business’s 50-day moving average is $23.88 and its two-hundred day moving average is $24.02.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were paid a dividend of $0.2407 per share. The ex-dividend date was Thursday, May 28th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23.

Hedge Funds Weigh In On Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC increased its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,859 shares of the company’s stock after acquiring an additional 4,334 shares during the period. Citadel Advisors LLC owned about 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent filing with the SEC.

Amplify COWS Covered Call ETF Company Profile

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.