Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Sees Large Drop in Short Interest

Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 29,237 shares, a drop of 89.0% from the July 30th total of 265,758 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 206,823 shares, the short-interest ratio is currently 0.1 days.

Amplify CWP Growth & Income ETF Trading Up 0.9%

QDVO stock traded up $0.26 during mid-day trading on Thursday, hitting $29.88. The stock had a trading volume of 231,151 shares, compared to its average volume of 305,827. Amplify CWP Growth & Income ETF has a 1-year low of $25.75 and a 1-year high of $30.97. The company has a fifty day moving average of $29.63 and a 200 day moving average of $29.09. The stock has a market capitalization of $743.41 million, a price-to-earnings ratio of 35.30 and a beta of 1.04.

Hedge Funds Weigh In On Amplify CWP Growth & Income ETF

A number of hedge funds have recently added to or reduced their stakes in QDVO. Tactive Advisors LLC bought a new position in shares of Amplify CWP Growth & Income ETF during the 1st quarter valued at $686,000. Cassady Wealth & Retirement Planning LLC boosted its holdings in Amplify CWP Growth & Income ETF by 77.1% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 46,941 shares of the company’s stock worth $1,373,000 after purchasing an additional 20,440 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Amplify CWP Growth & Income ETF by 147.7% during the first quarter. Janney Montgomery Scott LLC now owns 38,927 shares of the company’s stock worth $1,037,000 after buying an additional 23,214 shares during the last quarter. Royal Bank of Canada increased its position in Amplify CWP Growth & Income ETF by 15.0% during the first quarter. Royal Bank of Canada now owns 365,086 shares of the company’s stock worth $9,730,000 after buying an additional 47,520 shares during the last quarter. Finally, Claris Financial LLC acquired a new position in Amplify CWP Growth & Income ETF during the fourth quarter worth $894,000.

About Amplify CWP Growth & Income ETF

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.