Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Large Increase in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 247,725 shares, an increase of 106.3% from the April 15th total of 120,085 shares. Based on an average daily trading volume, of 931,752 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of hedge funds have recently added to or reduced their stakes in DIVO. Creative Planning acquired a new position in Amplify CWP Enhanced Dividend Income ETF during the 2nd quarter worth approximately $438,000. JPMorgan Chase & Co. boosted its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 18.6% in the second quarter. JPMorgan Chase & Co. now owns 39,062 shares of the company’s stock valued at $1,662,000 after buying an additional 6,132 shares in the last quarter. Cerity Partners LLC grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 8.1% during the second quarter. Cerity Partners LLC now owns 8,673 shares of the company’s stock worth $370,000 after acquiring an additional 648 shares during the period. Qube Research & Technologies Ltd grew its holdings in Amplify CWP Enhanced Dividend Income ETF by 5,278.3% during the second quarter. Qube Research & Technologies Ltd now owns 46,899 shares of the company’s stock worth $1,996,000 after acquiring an additional 46,027 shares during the period. Finally, NCM Capital Management LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 3.9% in the second quarter. NCM Capital Management LLC now owns 299,115 shares of the company’s stock worth $12,734,000 after acquiring an additional 11,291 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Amplify CWP Enhanced Dividend Income ETF stock traded up $0.09 during trading hours on Monday, reaching $45.46. 402,212 shares of the stock were exchanged, compared to its average volume of 905,045. The stock has a market cap of $6.91 billion, a P/E ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 52-week low of $40.58 and a 52-week high of $47.30. The firm’s 50 day moving average is $45.38 and its 200 day moving average is $45.54.

Amplify CWP Enhanced Dividend Income ETF Company Profile

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.