Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Short Interest Up 63.1% in February

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 13,700 shares, an increase of 63.1% from the February 13th total of 8,400 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 3.8 days. Approximately 3.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Amplify Cash Flow High Income ETF

An institutional investor recently bought a new position in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new position in shares of Amplify Cash Flow High Income ETF (NASDAQ:HCOW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned approximately 71.53% of Amplify Cash Flow High Income ETF at the end of the most recent reporting period.

Amplify Cash Flow High Income ETF Price Performance

HCOW traded up $0.37 during trading hours on Friday, reaching $23.76. 6,350 shares of the stock traded hands, compared to its average volume of 2,787. The firm’s fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $25.78. Amplify Cash Flow High Income ETF has a fifty-two week low of $23.22 and a fifty-two week high of $28.73.

Amplify Cash Flow High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were issued a dividend of $0.2068 per share. This represents a $2.48 dividend on an annualized basis and a yield of 10.44%. This is a positive change from Amplify Cash Flow High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 27th.

Amplify Cash Flow High Income ETF Company Profile

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income.