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

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,071 shares, a growth of 84.5% from the June 30th total of 4,374 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 10,758 shares, the short-interest ratio is presently 0.8 days.

Amplify Natural Resources Dividend Income ETF Trading Down 0.7%

NYSEARCA NDIV traded down $0.22 on Thursday, hitting $33.40. The company’s stock had a trading volume of 3,310 shares, compared to its average volume of 15,902. The firm has a market cap of $27.05 million, a P/E ratio of 11.40 and a beta of 0.54. Amplify Natural Resources Dividend Income ETF has a 52-week low of $26.20 and a 52-week high of $37.65. The company’s 50-day simple moving average is $33.41 and its 200 day simple moving average is $33.40.

Amplify Natural Resources Dividend Income ETF Company Profile

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.