Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Short Interest Update

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 342,109 shares, an increase of 64.8% from the December 31st total of 207,609 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 958,709 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 958,709 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Amplify CWP Enhanced Dividend Income ETF by 56.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,092,562 shares of the company’s stock valued at $89,038,000 after purchasing an additional 754,179 shares in the last quarter. Hibernia Wealth Partners LLC raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 103.8% during the second quarter. Hibernia Wealth Partners LLC now owns 830,912 shares of the company’s stock worth $35,355,000 after acquiring an additional 423,114 shares during the last quarter. Merit Financial Group LLC bought a new position in Amplify CWP Enhanced Dividend Income ETF during the 3rd quarter worth approximately $17,935,000. Raymond James Financial Inc. lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 2.8% in the third quarter. Raymond James Financial Inc. now owns 14,813,665 shares of the company’s stock valued at $660,245,000 after buying an additional 401,802 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 1,042.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 420,519 shares of the company’s stock valued at $18,742,000 after purchasing an additional 383,719 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Trading Down 0.2%

Shares of DIVO stock traded down $0.07 on Friday, hitting $45.61. 870,202 shares of the stock were exchanged, compared to its average volume of 905,314. The firm has a market capitalization of $6.16 billion, a P/E ratio of 22.46 and a beta of 0.72. The business has a 50-day moving average of $45.43 and a 200 day moving average of $44.47. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $36.20 and a fifty-two week high of $46.23.

Amplify CWP Enhanced Dividend Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a $0.1826 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, January 29th.

Amplify CWP Enhanced Dividend Income ETF Company Profile

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that is based on the S&P 500 Stock Covered Call index. The fund is an actively-managed ETF that provides income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. DIVO was launched on Dec 14, 2016 and is managed by Amplify.