Amplify COWS Covered Call ETF (NASDAQ:HCOW) Short Interest Down 79.2% in May

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,769 shares, a decline of 79.2% from the April 30th total of 13,338 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,279 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Gradient Investments LLC raised its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 323,379 shares of the company’s stock after buying an additional 2,855 shares during the quarter. Gradient Investments LLC owned about 59.89% of Amplify COWS Covered Call ETF worth $7,824,000 as of its most recent SEC filing.

Amplify COWS Covered Call ETF Stock Up 0.7%

Shares of Amplify COWS Covered Call ETF stock traded up $0.17 on Friday, reaching $24.10. The company’s stock had a trading volume of 8,176 shares, compared to its average volume of 4,679. The company has a market capitalization of $15.18 million, a P/E ratio of 13.13 and a beta of 0.76. Amplify COWS Covered Call ETF has a 52-week low of $21.71 and a 52-week high of $25.06. The stock has a 50-day moving average price of $23.57 and a 200-day moving average price of $24.01.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were given a $0.2407 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. This is a boost from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23. The ex-dividend date was Thursday, May 28th.

Amplify COWS Covered Call 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. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.