Amplify COWS Covered Call ETF (NASDAQ:HCOW) Sees Significant Drop in Short Interest

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,769 shares, a decrease of 79.2% from the April 30th total of 13,338 shares. Based on an average daily volume of 5,279 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Gradient Investments LLC boosted its position in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 323,379 shares of the company’s stock after purchasing an additional 2,855 shares during the quarter. Gradient Investments LLC owned approximately 59.89% of Amplify COWS Covered Call ETF worth $7,824,000 at the end of the most recent reporting period.

Amplify COWS Covered Call ETF Stock Performance

Shares of Amplify COWS Covered Call ETF stock traded up $0.31 during trading hours on Friday, hitting $24.24. The company’s stock had a trading volume of 8,140 shares, compared to its average volume of 4,679. The stock has a market cap of $15.27 million, a price-to-earnings ratio of 13.13 and a beta of 0.76. Amplify COWS Covered Call ETF has a twelve month low of $21.71 and a twelve month high of $25.06. The firm has a fifty day moving average of $23.55 and a 200-day moving average of $24.01.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 28th will be issued a $0.2407 dividend. This represents a c) annualized dividend and a yield of 11.9%. This is a boost from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend is Thursday, May 28th.

About Amplify COWS Covered Call ETF

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.