Amplify COWS Covered Call ETF (NASDAQ:HCOW) Short Interest Up 106.0% in June

Amplify COWS Covered Call ETF (NASDAQ:HCOW – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 7,997 shares, a growth of 106.0% from the May 31st total of 3,882 shares. Based on an average daily volume of 5,377 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Trading of Amplify COWS Covered Call ETF

An institutional investor recently raised its stake in Amplify COWS Covered Call ETF stock. Gradient Investments LLC increased its position in Amplify COWS Covered Call ETF (NASDAQ:HCOW – Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 323,379 shares of the company’s stock after acquiring an additional 2,855 shares during the quarter. Gradient Investments LLC owned about 59.88% of Amplify COWS Covered Call ETF worth $7,824,000 as of its most recent SEC filing.

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Amplify COWS Covered Call ETF Stock Performance

HCOW stock traded down $0.10 during mid-day trading on Tuesday, hitting $23.67. The company had a trading volume of 1,032 shares, compared to its average volume of 4,784. The firm has a market cap of $14.91 million, a PE ratio of 13.13 and a beta of 0.75. Amplify COWS Covered Call ETF has a 12 month low of $22.66 and a 12 month high of $25.06. The stock’s fifty day moving average price is $23.91 and its two-hundred day moving average price is $24.01.

Amplify COWS Covered Call ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.2409 per share. This represents a c) annualized dividend and a yield of 12.2%. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 29th.

About Amplify COWS Covered Call ETF

(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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