Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Short Interest Update

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 207,609 shares, a drop of 48.7% from the December 15th total of 405,078 shares. Based on an average daily trading volume, of 878,466 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 878,466 shares, the days-to-cover ratio is currently 0.2 days.

Amplify CWP Enhanced Dividend Income ETF Stock Up 0.0%

DIVO traded up $0.02 on Thursday, hitting $45.48. 759,739 shares of the company traded hands, compared to its average volume of 958,553. Amplify CWP Enhanced Dividend Income ETF has a 12-month low of $36.20 and a 12-month high of $46.23. The company has a 50 day moving average of $45.28 and a 200-day moving average of $44.25. The stock has a market capitalization of $6.02 billion, a PE ratio of 22.46 and a beta of 0.72.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several hedge funds have recently modified their holdings of DIVO. Envestnet Asset Management Inc. increased its stake in Amplify CWP Enhanced Dividend Income ETF by 56.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,092,562 shares of the company’s stock valued at $89,038,000 after buying an additional 754,179 shares during the period. Hibernia Wealth Partners LLC boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 103.8% in the second quarter. Hibernia Wealth Partners LLC now owns 830,912 shares of the company’s stock valued at $35,355,000 after acquiring an additional 423,114 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the third quarter worth about $17,935,000. Raymond James Financial Inc. increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% during the third quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock worth $660,245,000 after acquiring an additional 401,802 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Amplify CWP Enhanced Dividend Income ETF by 1,042.7% during the third quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock worth $18,742,000 after purchasing an additional 383,719 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.