Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (BATS:TLTP) Sees Significant Decline in Short Interest

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (BATS:TLTP) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 16,580 shares, a decrease of 58.8% from the July 30th total of 40,253 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 28,493 shares, the days-to-cover ratio is presently 0.6 days.

Amplify Bloomberg U.S. Treasury 12% Premium Income ETF Stock Performance

Shares of BATS:TLTP opened at $20.19 on Friday. The stock’s fifty day simple moving average is $20.44 and its two-hundred day simple moving average is $21.13. Amplify Bloomberg U.S. Treasury 12% Premium Income ETF has a 1-year low of $19.80 and a 1-year high of $23.36.

About Amplify Bloomberg U.S. Treasury 12% Premium Income ETF

The Amplify Bloomberg U.S. Treasury 12% Premium Income ETF (TLTP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund uses a fund-of-fund approach to track an index that measures the performance of the iShares 20+ Year Treasury Bond ETF (TLT) and writes one-week expiration, at-the-money call options. The fund aims to generate a targeted annualized option premium income of 12% through covered call FLEX option contracts. TLTP was launched on Oct 29, 2024 and is issued by Amplify Investments.