Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Large Growth in Short Interest

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 1,300 shares, a growth of 18.2% from the March 15th total of 1,100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 135.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock valued at $381,000 after acquiring an additional 7,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Amplify Cash Flow Dividend Leaders ETF by 3.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 132,525 shares of the company’s stock valued at $3,733,000 after purchasing an additional 4,696 shares during the last quarter. Cetera Investment Advisers purchased a new position in Amplify Cash Flow Dividend Leaders ETF in the 4th quarter worth approximately $205,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 23.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock worth $481,000 after buying an additional 3,042 shares during the last quarter.

Amplify Cash Flow Dividend Leaders ETF Stock Down 2.2 %

COWS traded down $0.57 on Monday, hitting $24.80. The company’s stock had a trading volume of 3,514 shares, compared to its average volume of 14,352. The company’s 50 day simple moving average is $27.70 and its 200-day simple moving average is $29.33. Amplify Cash Flow Dividend Leaders ETF has a 12 month low of $23.53 and a 12 month high of $32.26. The firm has a market cap of $18.60 million, a P/E ratio of 11.07 and a beta of 1.08.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were issued a dividend of $0.0578 per share. The ex-dividend date was Friday, March 28th.

Amplify Cash Flow Dividend Leaders ETF Company Profile

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.