Short Interest in Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Drops By 50.4%

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 6,800 shares, a drop of 50.4% from the February 28th total of 13,700 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 1.7 days. Approximately 1.7% of the shares of the stock are sold short.

Institutional Trading of Amplify Cash Flow High Income ETF

A hedge fund recently bought a new stake in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new stake in shares of Amplify Cash Flow High Income ETF (NASDAQ:HCOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned about 71.53% of Amplify Cash Flow High Income ETF at the end of the most recent reporting period.

Amplify Cash Flow High Income ETF Trading Down 2.5 %

Shares of HCOW traded down $0.62 during trading hours on Friday, reaching $23.72. 2,415 shares of the stock traded hands, compared to its average volume of 2,929. The company has a market cap of $9.25 million, a P/E ratio of 12.37 and a beta of 1.02. The company’s 50-day moving average price is $24.90 and its two-hundred day moving average price is $25.70. Amplify Cash Flow High Income ETF has a 52-week low of $23.22 and a 52-week high of $28.73.

Amplify Cash Flow High Income ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 28th will be given a $0.2033 dividend. This is an increase from Amplify Cash Flow High Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Friday, March 28th.

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.