Short Interest in Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) Expands By 106.9%

Amplify CWP International Enhanced Dividend Income ETF (NYSEARCA:IDVO) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 156,743 shares, a growth of 106.9% from the May 14th total of 75,766 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 368,362 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDVO. Atlas Wealth LLC purchased a new position in Amplify CWP International Enhanced Dividend Income ETF in the first quarter worth about $53,000. Arkadios Wealth Advisors purchased a new position in Amplify CWP International Enhanced Dividend Income ETF in the fourth quarter worth about $229,000. Reliant Wealth Planning purchased a new position in Amplify CWP International Enhanced Dividend Income ETF in the first quarter worth about $374,000. Farther Finance Advisors LLC grew its position in Amplify CWP International Enhanced Dividend Income ETF by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 22,878 shares of the company’s stock worth $877,000 after acquiring an additional 647 shares in the last quarter. Finally, West Michigan Advisors LLC grew its position in Amplify CWP International Enhanced Dividend Income ETF by 13.9% in the fourth quarter. West Michigan Advisors LLC now owns 23,433 shares of the company’s stock worth $899,000 after acquiring an additional 2,855 shares in the last quarter.

Amplify CWP International Enhanced Dividend Income ETF Stock Up 0.6%

IDVO traded up $0.27 on Monday, hitting $43.12. The company had a trading volume of 112,044 shares, compared to its average volume of 384,244. The company has a market cap of $1.17 billion, a PE ratio of 16.90 and a beta of 0.68. Amplify CWP International Enhanced Dividend Income ETF has a 12-month low of $33.00 and a 12-month high of $43.82. The business’s fifty day simple moving average is $42.37 and its 200 day simple moving average is $41.13.

About Amplify CWP International Enhanced Dividend Income ETF

The Amplify International Enhanced Dividend Income ETF (IDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that provides current income and capital appreciation by selecting dividend-paying ADRs of stocks from the MSCI ACWI ex USA Index, overlaid with a tactical call writing strategy. IDVO was launched on Sep 8, 2022 and is managed by Amplify.