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 large growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,340 shares, a growth of 97.0% from the June 30th total of 4,742 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 5,355 shares, the days-to-cover ratio is presently 1.7 days.

Amplify COWS Covered Call ETF Trading Down 0.2%

Shares of NASDAQ HCOW opened at $25.41 on Thursday. Amplify COWS Covered Call ETF has a twelve month low of $22.66 and a twelve month high of $25.59. The stock has a 50 day moving average of $24.15 and a two-hundred day moving average of $23.97. The stock has a market cap of $17.53 million, a P/E ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a $0.2409 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24.

Institutional Trading of Amplify COWS Covered Call ETF

An institutional investor recently raised its stake in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC boosted its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,859 shares of the company’s stock after purchasing an additional 4,334 shares during the period. Citadel Advisors LLC owned approximately 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent filing with the SEC.

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.