Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Decreases By 33.1%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 126,584 shares, a decline of 33.1% from the February 12th total of 189,323 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 812,975 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 812,975 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA DIVO traded down $0.21 during mid-day trading on Friday, hitting $45.19. The company’s stock had a trading volume of 615,143 shares, compared to its average volume of 891,139. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $36.20 and a 52-week high of $47.30. The stock’s fifty day simple moving average is $46.04 and its two-hundred day simple moving average is $45.18. The firm has a market capitalization of $6.14 billion, a P/E ratio of 22.46 and a beta of 0.72.

Amplify CWP Enhanced Dividend Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a $0.1863 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. This is a boost from Amplify CWP Enhanced Dividend Income ETF’s previous monthly dividend of $0.18. The ex-dividend date was Thursday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DIVO. Reliant Wealth Planning bought a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth about $45,289,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Amplify CWP Enhanced Dividend Income ETF by 359.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock valued at $46,256,000 after buying an additional 813,385 shares during the last quarter. Raymond James Financial Inc. raised its stake in Amplify CWP Enhanced Dividend Income ETF by 5.2% during the fourth quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock worth $693,577,000 after acquiring an additional 772,345 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $33,547,000. Finally, Morgan Stanley lifted its holdings in Amplify CWP Enhanced Dividend Income ETF by 22.8% in the fourth quarter. Morgan Stanley now owns 2,929,359 shares of the company’s stock worth $130,357,000 after acquiring an additional 543,114 shares during the last quarter.

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.