Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Significant Increase in Short Interest

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,400 shares, a growth of 7.7% from the January 15th total of 1,300 shares. Based on an average daily trading volume, of 11,300 shares, the short-interest ratio is currently 0.1 days.

Amplify Cash Flow Dividend Leaders ETF Stock Up 1.0 %

Amplify Cash Flow Dividend Leaders ETF stock traded up $0.30 during mid-day trading on Tuesday, hitting $30.21. 18,381 shares of the company’s stock were exchanged, compared to its average volume of 20,128. The firm has a market capitalization of $16.62 million, a P/E ratio of 11.59 and a beta of 1.08. The company’s 50 day simple moving average is $29.89 and its 200-day simple moving average is $29.79. Amplify Cash Flow Dividend Leaders ETF has a fifty-two week low of $26.98 and a fifty-two week high of $32.26.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 30th were issued a dividend of $0.0678 per share. The ex-dividend date was Thursday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COWS. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 20.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 127,678 shares of the company’s stock worth $3,791,000 after acquiring an additional 21,603 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 23.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock valued at $481,000 after purchasing an additional 3,042 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Amplify Cash Flow Dividend Leaders ETF by 135.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock worth $381,000 after buying an additional 7,440 shares during the period. Finally, Cetera Investment Advisers bought a new position in shares of Amplify Cash Flow Dividend Leaders ETF during the fourth quarter worth about $205,000.

About Amplify Cash Flow Dividend Leaders ETF

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.