Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Sees Significant Growth in Short Interest

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,700 shares, a growth of 63.1% from the February 13th total of 8,400 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 3.5% of the company’s stock are short sold.

Institutional Trading of Amplify Cash Flow High Income ETF

An institutional investor recently bought a new position in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new position in shares of Amplify Cash Flow High Income ETF (NASDAQ:HCOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned approximately 71.53% of Amplify Cash Flow High Income ETF at the end of the most recent quarter.

Amplify Cash Flow High Income ETF Trading Up 1.6 %

NASDAQ HCOW opened at $23.76 on Monday. Amplify Cash Flow High Income ETF has a 52 week low of $23.22 and a 52 week high of $28.73. The firm has a 50 day moving average of $25.20 and a two-hundred day moving average of $25.78.

Amplify Cash Flow High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were issued a $0.2068 dividend. This represents a $2.48 annualized dividend and a yield of 10.44%. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Amplify Cash Flow High Income ETF’s previous monthly dividend of $0.17.

Amplify Cash Flow High Income ETF Company Profile

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.