Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Significant Drop in Short Interest
by Doug Wharley · The Cerbat GemAmplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS – Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 682 shares, a decrease of 88.4% from the March 15th total of 5,863 shares. Based on an average daily volume of 6,231 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Amplify Cash Flow Dividend Leaders ETF Price Performance
NASDAQ:COWS traded down $0.36 during mid-day trading on Friday, hitting $33.44. The company’s stock had a trading volume of 3,774 shares, compared to its average volume of 9,663. Amplify Cash Flow Dividend Leaders ETF has a 1 year low of $24.43 and a 1 year high of $35.25. The stock has a market cap of $30.76 million, a price-to-earnings ratio of 10.37 and a beta of 1.06. The business’s fifty day moving average is $33.70 and its two-hundred day moving average is $33.04.
Amplify Cash Flow Dividend Leaders ETF Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.0322 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 30th.
Institutional Investors Weigh In On Amplify Cash Flow Dividend Leaders ETF
Several hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new position in Amplify Cash Flow Dividend Leaders ETF in the 3rd quarter valued at about $494,000. Wealth Enhancement Advisory Services LLC lifted its stake in Amplify Cash Flow Dividend Leaders ETF by 0.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 133,195 shares of the company’s stock worth $4,280,000 after purchasing an additional 891 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Amplify Cash Flow Dividend Leaders ETF by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 36,241 shares of the company’s stock worth $1,206,000 after purchasing an additional 916 shares in the last quarter. LPL Financial LLC lifted its stake in Amplify Cash Flow Dividend Leaders ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 40,911 shares of the company’s stock worth $1,361,000 after purchasing an additional 4,441 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Amplify Cash Flow Dividend Leaders ETF by 16.4% in the 4th quarter. Cetera Investment Advisers now owns 26,270 shares of the company’s stock worth $874,000 after purchasing an additional 3,702 shares in the last quarter.
About Amplify Cash Flow Dividend Leaders ETF
The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.