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

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

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several institutional investors and hedge funds have recently modified their holdings of DIVO. Reliant Wealth Planning acquired a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the fourth quarter valued at about $45,289,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 359.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock valued at $46,256,000 after acquiring an additional 813,385 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% in the fourth quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock valued at $693,577,000 after acquiring an additional 772,345 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth about $33,547,000. Finally, CPC Advisors LLC grew its stake in Amplify CWP Enhanced Dividend Income ETF by 99.1% during the first quarter. CPC Advisors LLC now owns 1,225,470 shares of the company’s stock worth $54,962,000 after buying an additional 610,117 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of DIVO stock traded down $0.25 on Friday, hitting $45.37. The company’s stock had a trading volume of 634,649 shares, compared to its average volume of 910,745. The stock’s 50 day moving average is $45.38 and its 200-day moving average is $45.54. Amplify CWP Enhanced Dividend Income ETF has a fifty-two week low of $40.58 and a fifty-two week high of $47.30. The company has a market capitalization of $6.89 billion, a PE ratio of 22.46 and a beta of 0.65.

About Amplify CWP Enhanced Dividend Income ETF

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.