Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Drops By 36.5%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 90,316 shares, a drop of 36.5% from the July 30th total of 142,147 shares. Based on an average daily volume of 714,921 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

Several large investors have recently made changes to their positions in the business. Reliant Wealth Planning bought a new stake in Amplify CWP Enhanced Dividend Income ETF during the fourth quarter worth approximately $45,289,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 359.8% during 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 buying an additional 813,385 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Amplify CWP Enhanced Dividend Income ETF by 5.2% in the 4th quarter. Raymond James Financial Inc. now owns 15,586,010 shares of the company’s stock worth $693,577,000 after acquiring an additional 772,345 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Amplify CWP Enhanced Dividend Income ETF in the 4th quarter worth about $33,547,000. Finally, CPC Advisors LLC boosted its holdings in shares of 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 purchasing an additional 610,117 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of DIVO stock opened at $48.25 on Wednesday. The stock has a fifty day moving average of $47.20 and a two-hundred day moving average of $46.29. The firm has a market capitalization of $7.85 billion, a PE ratio of 22.46 and a beta of 0.64. Amplify CWP Enhanced Dividend Income ETF has a 1 year low of $43.28 and a 1 year high of $49.03.

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.