Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Large Drop in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 170,504 shares, a decline of 38.5% from the May 31st total of 277,173 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,029,141 shares, the short-interest ratio is presently 0.2 days.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of Amplify CWP Enhanced Dividend Income ETF stock traded up $0.64 on Thursday, reaching $46.43. 678,806 shares of the stock were exchanged, compared to its average volume of 904,572. Amplify CWP Enhanced Dividend Income ETF has a one year low of $42.29 and a one year high of $47.30. The firm has a market cap of $7.30 billion, a PE ratio of 22.46 and a beta of 0.65. The firm’s 50 day moving average is $45.84 and its 200-day moving average is $45.75.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several hedge funds have recently added to or reduced their stakes in DIVO. Financial Designs Corp boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 4.5% during the 4th quarter. Financial Designs Corp now owns 302,840 shares of the company’s stock worth $13,476,000 after buying an additional 12,906 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 6.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 231,938 shares of the company’s stock valued at $10,321,000 after purchasing an additional 14,738 shares in the last quarter. Leo Wealth LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at $5,202,000. Stillwater Wealth Management Group bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter valued at approximately $3,427,000. Finally, Savvy Advisors Inc. bought a new stake in Amplify CWP Enhanced Dividend Income ETF in the 4th quarter valued at about $2,445,000.

About Amplify CWP Enhanced Dividend Income ETF

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that is based on the S&P 500 Stock Covered Call index. The fund is an actively-managed ETF that provides income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. DIVO was launched on Dec 14, 2016 and is managed by Amplify.