Amplify COWS Covered Call ETF (NASDAQ:HCOW) Sees Large Drop in Short Interest

Amplify COWS Covered Call ETF (NASDAQ:HCOW – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,769 shares, a drop of 79.2% from the April 30th total of 13,338 shares. Based on an average daily volume of 5,279 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Amplify COWS Covered Call ETF

An institutional investor recently raised its position in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC increased its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW – Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,859 shares of the company’s stock after purchasing an additional 4,334 shares during the quarter. Citadel Advisors LLC owned 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent SEC filing.

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Amplify COWS Covered Call ETF Stock Up 0.7%

Shares of NASDAQ HCOW traded up $0.17 during mid-day trading on Friday, hitting $24.10. 8,176 shares of the company were exchanged, compared to its average volume of 4,679. The stock has a 50 day simple moving average of $23.57 and a 200-day simple moving average of $24.01. Amplify COWS Covered Call ETF has a 1-year low of $21.71 and a 1-year high of $25.06. The firm has a market cap of $15.18 million, a price-to-earnings ratio of 13.13 and a beta of 0.76.

Amplify COWS Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 28th were issued a dividend of $0.2407 per share. This is a boost from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend was Thursday, May 28th.

Amplify COWS Covered Call ETF Company Profile

(Get Free Report)

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. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.

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