Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Stock Short Interest Declines 50.4%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 81,313 shares, a drop of 50.4% from the August 31st total of 164,038 shares. Based on an average daily volume of 819,177 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Amplify CWP Enhanced Dividend Income ETF

A number of large investors have recently made changes to their positions in DIVO. Envestnet Asset Management Inc. increased its position in shares of Amplify CWP Enhanced Dividend Income ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 3,635,616 shares of the company’s stock worth $166,148,000 after purchasing an additional 295,894 shares in the last quarter. Talon Private Wealth LLC purchased a new position in shares of Amplify CWP Enhanced Dividend Income ETF in the second quarter valued at $2,478,000. NewEdge Advisors LLC grew its stake in Amplify CWP Enhanced Dividend Income ETF by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 468,004 shares of the company’s stock worth $21,388,000 after acquiring an additional 22,378 shares during the period. Allworth Financial LP raised its holdings in shares of Amplify CWP Enhanced Dividend Income ETF by 0.8% in the 2nd quarter. Allworth Financial LP now owns 50,992 shares of the company’s stock worth $2,330,000 after purchasing an additional 386 shares during the period. Finally, Corient Private Wealth LP grew its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 4.4% during the second quarter. Corient Private Wealth LP now owns 11,366 shares of the company’s stock valued at $519,000 after acquiring an additional 474 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Price Performance

NYSEARCA DIVO traded down $0.24 on Wednesday, reaching $46.53. 974,686 shares of the company’s stock traded hands, compared to its average volume of 861,257. The stock has a 50-day simple moving average of $47.76 and a 200 day simple moving average of $46.44. The stock has a market cap of $7.73 billion, a PE ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $43.55 and a 12 month 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.