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

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 142,147 shares, a drop of 54.4% from the July 15th total of 311,532 shares. Based on an average trading volume of 845,555 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Amplify CWP Enhanced Dividend Income ETF Trading Down 0.0%

Shares of DIVO traded down $0.01 during trading hours on Monday, reaching $48.44. 503,955 shares of the stock traded hands, compared to its average volume of 873,841. The stock has a fifty day simple moving average of $46.63 and a 200 day simple moving average of $46.10. Amplify CWP Enhanced Dividend Income ETF has a 52 week low of $43.05 and a 52 week high of $48.56. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 22.46 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Wealth Strategies LLC boosted its holdings in Amplify CWP Enhanced Dividend Income ETF by 5.2% in the 4th quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock valued at $197,000 after purchasing an additional 217 shares during the period. IHT Wealth Management LLC increased its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% in the fourth quarter. IHT Wealth Management LLC now owns 8,644 shares of the company’s stock worth $385,000 after purchasing an additional 239 shares during the period. Sachetta LLC raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 1.2% in the first quarter. Sachetta LLC now owns 21,338 shares of the company’s stock worth $957,000 after buying an additional 249 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 3.2% during the third quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock valued at $362,000 after buying an additional 253 shares during the period. Finally, Money Concepts Capital Corp boosted its stake in Amplify CWP Enhanced Dividend Income ETF by 3.8% during the first quarter. Money Concepts Capital Corp now owns 7,209 shares of the company’s stock valued at $323,000 after buying an additional 267 shares during the period.

About Amplify CWP Enhanced Dividend Income ETF

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.