Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Sees Large Decline in Short Interest

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 12,384 shares, a decrease of 46.8% from the September 30th total of 23,287 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,228 shares, the short-interest ratio is presently 0.9 days.

Amplify Natural Resources Dividend Income ETF Stock Performance

Shares of NDIV stock traded up $0.26 during midday trading on Friday, reaching $35.20. 18,094 shares of the company were exchanged, compared to its average volume of 14,906. The company’s 50 day moving average price is $34.72 and its two-hundred day moving average price is $33.86. The company has a market cap of $34.50 million, a P/E ratio of 11.40 and a beta of 0.55. Amplify Natural Resources Dividend Income ETF has a 12 month low of $26.20 and a 12 month 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.