Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Short Interest Up 68.0% in February

Amplify Cash Flow High Income ETF (NASDAQ:HCOWGet Free Report) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 8,400 shares, an increase of 68.0% from the January 31st total of 5,000 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is presently 2.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new position in Amplify Cash Flow High Income ETF (NASDAQ:HCOWFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned 71.53% of Amplify Cash Flow High Income ETF as of its most recent filing with the Securities & Exchange Commission.

Amplify Cash Flow High Income ETF Price Performance

Shares of HCOW stock traded up $0.18 during trading hours on Friday, hitting $24.63. 5,012 shares of the company’s stock traded hands, compared to its average volume of 3,831. The stock’s 50 day simple moving average is $25.54 and its 200 day simple moving average is $25.92. Amplify Cash Flow High Income ETF has a 12 month low of $24.44 and a 12 month high of $28.73.

Amplify Cash Flow High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.2068 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 10.07%. This is a boost from Amplify Cash Flow High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 27th.

About Amplify Cash Flow High Income ETF

(Get Free Report)

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.

Further Reading

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