Amplify COWS Covered Call ETF (NASDAQ:HCOW) Short Interest Down 46.0% in March

Amplify COWS Covered Call ETF (NASDAQ:HCOW) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,176 shares, a decline of 46.0% from the February 26th total of 2,176 shares. Based on an average trading volume of 3,540 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Amplify COWS Covered Call ETF Price Performance

Shares of HCOW stock opened at $23.33 on Friday. The company has a market cap of $13.30 million, a PE ratio of 13.13 and a beta of 0.90. Amplify COWS Covered Call ETF has a 1 year low of $20.04 and a 1 year high of $25.06. The stock’s 50 day simple moving average is $24.04 and its two-hundred day simple moving average is $24.14.

Amplify COWS Covered Call ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a dividend of $0.2229 per share. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date was Thursday, February 26th.

Institutional Trading of Amplify COWS Covered Call ETF

A hedge fund recently raised its stake in Amplify COWS Covered Call ETF stock. Gradient Investments LLC grew its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 323,379 shares of the company’s stock after buying an additional 2,855 shares during the quarter. Gradient Investments LLC owned 59.89% of Amplify COWS Covered Call ETF worth $7,824,000 at the end of the most recent reporting period.

About Amplify COWS Covered Call ETF

The Amplify Cash Flow High Income ETF (HCOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-fund, that invests in US stocks of large- and mid-cap companies while using a naked call option writing strategy to potentially generate additional income. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.