Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Stock Short Interest Declines 46.8%

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 12,384 shares, a decline of 46.8% from the September 30th total of 23,287 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 13,228 shares, the days-to-cover ratio is presently 0.9 days.

Amplify Natural Resources Dividend Income ETF Stock Performance

Shares of NYSEARCA:NDIV traded down $0.60 on Monday, hitting $34.60. 9,967 shares of the company were exchanged, compared to its average volume of 14,882. The company’s 50 day moving average price is $34.69 and its two-hundred day moving average price is $33.89. The firm has a market capitalization of $33.91 million, a price-to-earnings ratio of 11.40 and a beta of 0.55. Amplify Natural Resources Dividend Income ETF has a one year low of $26.20 and a one year high of $37.65.

Amplify Natural Resources Dividend Income ETF Company Profile

(Get Free Report)

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.

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