Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Short Interest Up 2,101.3% in March

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 19,680 shares, an increase of 2,101.3% from the February 26th total of 894 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 22,030 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 22,030 shares, the short-interest ratio is currently 0.9 days. Approximately 3.3% of the company’s stock are sold short.

Amplify Natural Resources Dividend Income ETF Stock Performance

Shares of NDIV traded up $0.74 on Tuesday, hitting $35.90. 23,194 shares of the stock traded hands, compared to its average volume of 14,325. The company has a market capitalization of $21.54 million, a PE ratio of 11.40 and a beta of 0.82. The business has a 50 day simple moving average of $32.14 and a 200 day simple moving average of $29.20. Amplify Natural Resources Dividend Income ETF has a one year low of $23.77 and a one year high of $37.65.

Amplify Natural Resources Dividend Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a dividend of $0.2706 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a yield of 9.0%. This is a positive change from Amplify Natural Resources Dividend Income ETF’s previous monthly dividend of $0.13.

About Amplify Natural Resources Dividend Income ETF

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.