Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Short Interest Down 56.8% in January

Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 26,977 shares, a drop of 56.8% from the December 31st total of 62,474 shares. Based on an average daily volume of 502,598 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 502,598 shares, the short-interest ratio is presently 0.1 days.

Amplify CWP Growth & Income ETF Stock Performance

Shares of NYSEARCA QDVO traded down $0.40 during midday trading on Thursday, hitting $28.97. 369,487 shares of the company traded hands, compared to its average volume of 495,949. Amplify CWP Growth & Income ETF has a 12-month low of $21.60 and a 12-month high of $30.40. The firm has a market cap of $586.06 million, a P/E ratio of 35.30 and a beta of 1.03. The stock has a 50-day moving average price of $29.19 and a 200 day moving average price of $29.00.

Amplify CWP Growth & Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 29th will be given a dividend of $0.2446 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Thursday, January 29th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Amplify CWP Growth & Income ETF during the first quarter valued at approximately $353,000. Janney Montgomery Scott LLC purchased a new position in Amplify CWP Growth & Income ETF during the second quarter valued at $221,000. Onyx Bridge Wealth Group LLC boosted its holdings in shares of Amplify CWP Growth & Income ETF by 4.0% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 11,534 shares of the company’s stock valued at $318,000 after buying an additional 448 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Amplify CWP Growth & Income ETF during the 2nd quarter valued at $932,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Amplify CWP Growth & Income ETF in the 2nd quarter worth about $78,000.

Amplify CWP Growth & Income ETF Company Profile

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.