Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Sees Significant Decrease in Short Interest

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 86,516 shares, a decrease of 65.1% from the April 30th total of 247,725 shares. Based on an average daily trading volume, of 784,208 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Amplify CWP Enhanced Dividend Income ETF Stock Performance

Shares of Amplify CWP Enhanced Dividend Income ETF stock traded up $0.26 on Friday, hitting $46.24. The stock had a trading volume of 1,026,285 shares, compared to its average volume of 902,028. The stock has a 50 day moving average of $45.45 and a 200 day moving average of $45.61. Amplify CWP Enhanced Dividend Income ETF has a twelve month low of $40.85 and a twelve month high of $47.30. The firm has a market capitalization of $7.03 billion, a P/E ratio of 22.46 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Wealth Strategies LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 5.2% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 4,417 shares of the company’s stock valued at $197,000 after buying an additional 217 shares during the period. IHT Wealth Management LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 2.8% in the fourth quarter. IHT Wealth Management LLC now owns 8,644 shares of the company’s stock valued at $385,000 after buying an additional 239 shares during the period. Sachetta LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 1.2% in the first quarter. Sachetta LLC now owns 21,338 shares of the company’s stock valued at $957,000 after buying an additional 249 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.2% in the third quarter. Orion Porfolio Solutions LLC now owns 8,124 shares of the company’s stock valued at $362,000 after buying an additional 253 shares during the period. Finally, Money Concepts Capital Corp increased its stake in shares of Amplify CWP Enhanced Dividend Income ETF by 3.8% in the first quarter. Money Concepts Capital Corp now owns 7,209 shares of the company’s stock valued at $323,000 after buying an additional 267 shares during the period.

Amplify CWP Enhanced Dividend Income ETF Company Profile

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.