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

by · The Cerbat Gem

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO – Get Free Report) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 207,609 shares, a drop of 48.7% from the December 15th total of 405,078 shares. Based on an average daily trading volume, of 878,466 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 878,466 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 25.9% in the third quarter. CWM LLC now owns 529,080 shares of the company’s stock worth $23,581,000 after acquiring an additional 108,676 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Amplify CWP Enhanced Dividend Income ETF by 107.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 37,248 shares of the company’s stock worth $1,660,000 after purchasing an additional 19,302 shares during the period. Barnes Pettey Financial Advisors LLC boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 7.3% during the 2nd quarter. Barnes Pettey Financial Advisors LLC now owns 120,467 shares of the company’s stock valued at $5,126,000 after purchasing an additional 8,237 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter valued at about $493,000. Finally, Alpine Bank Wealth Management increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 613.0% during the third quarter. Alpine Bank Wealth Management now owns 19,657 shares of the company’s stock valued at $876,000 after buying an additional 16,900 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Up 0.2%

DIVO stock traded up $0.08 during midday trading on Friday, hitting $45.56. The company’s stock had a trading volume of 721,223 shares, compared to its average volume of 937,073. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $36.20 and a 1 year high of $46.23. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 22.46 and a beta of 0.72. The stock’s 50-day moving average price is $45.30 and its 200 day moving average price is $44.27.

Amplify CWP Enhanced Dividend Income ETF Company Profile

(Get Free Report)

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.

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