Amplify COWS Covered Call ETF (NASDAQ:HCOW) Sees Large Increase in Short Interest

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,997 shares, a growth of 106.0% from the May 31st total of 3,882 shares. Based on an average daily trading volume, of 5,377 shares, the short-interest ratio is currently 1.5 days. Currently, 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Amplify COWS Covered Call ETF

An institutional investor recently raised its stake in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC lifted its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,859 shares of the company’s stock after buying an additional 4,334 shares during the period. Citadel Advisors LLC owned about 4.42% of Amplify COWS Covered Call ETF worth $573,000 at the end of the most recent quarter.

Amplify COWS Covered Call ETF Stock Performance

Shares of HCOW stock traded down $0.10 on Tuesday, hitting $23.67. The company had a trading volume of 1,032 shares, compared to its average volume of 4,784. The firm has a market cap of $14.91 million, a P/E ratio of 13.13 and a beta of 0.75. The stock’s 50-day moving average is $23.91 and its two-hundred day moving average is $24.01. Amplify COWS Covered Call ETF has a twelve month low of $22.66 and a twelve month high of $25.06.

Amplify COWS Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th will be given a dividend of $0.2409 per share. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 12.2%.

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.