Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Stock Short Interest Falls 50.4%

by · The Markets Daily

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 81,313 shares, a decrease of 50.4% from the August 31st total of 164,038 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 819,177 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds have recently made changes to their positions in DIVO. LPL Financial LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,447,779 shares of the company’s stock valued at $331,426,000 after acquiring an additional 294,892 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 3,635,616 shares of the company’s stock worth $166,148,000 after purchasing an additional 295,894 shares during the last quarter. Retirement Planning Group LLC lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 9.9% during the first quarter. Retirement Planning Group LLC now owns 3,180,704 shares of the company’s stock worth $142,655,000 after purchasing an additional 287,226 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 11.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,977,538 shares of the company’s stock worth $88,000,000 after purchasing an additional 202,172 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 4.6% during the 1st quarter. Royal Bank of Canada now owns 1,779,901 shares of the company’s stock valued at $79,829,000 after purchasing an additional 78,498 shares during the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

DIVO traded down $0.28 on Tuesday, reaching $46.77. The company had a trading volume of 795,059 shares, compared to its average volume of 861,241. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $43.55 and a 52-week high of $49.03. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 22.46 and a beta of 0.65. The business has a 50 day simple moving average of $47.75 and a 200 day simple moving average of $46.44.

About Amplify CWP Enhanced Dividend Income ETF

(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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