Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Significant Decrease in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 86,516 shares, a decline of 65.1% from the April 30th total of 247,725 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 784,208 shares, the days-to-cover ratio is presently 0.1 days.

Amplify CWP Enhanced Dividend Income ETF Trading Up 0.6%

Shares of DIVO traded up $0.26 during mid-day trading on Friday, reaching $46.24. The company’s stock had a trading volume of 1,026,285 shares, compared to its average volume of 902,028. Amplify CWP Enhanced Dividend Income ETF has a 1-year low of $40.85 and a 1-year high of $47.30. The business has a 50-day simple moving average of $45.45 and a two-hundred day simple moving average of $45.61. The stock has a market cap of $7.03 billion, a P/E ratio of 22.46 and a beta of 0.65.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Reliant Wealth Planning bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 4th quarter worth about $45,289,000. Northwestern Mutual Wealth Management Co. lifted its position in Amplify CWP Enhanced Dividend Income ETF by 359.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock worth $46,256,000 after acquiring an additional 813,385 shares during the last quarter. Raymond James Financial Inc. lifted its position 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 last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth approximately $33,547,000. Finally, CPC Advisors LLC boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 99.1% during the first quarter. CPC Advisors LLC now owns 1,225,470 shares of the company’s stock worth $54,962,000 after acquiring an additional 610,117 shares during the period.

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.