Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Shares Shorted: Short Interest Down 46.8% in October

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 12,384 shares, a drop of 46.8% from the September 30th total of 23,287 shares. Based on an average trading volume of 13,228 shares, the short-interest ratio is currently 0.9 days. Currently, 1.3% of the shares of the company are sold short.

Amplify Natural Resources Dividend Income ETF Stock Performance

Shares of NDIV traded up $0.26 during midday trading on Friday, hitting $35.20. 18,094 shares of the stock traded hands, compared to its average volume of 14,906. The business’s 50 day moving average price is $34.72 and its two-hundred day moving average price is $33.86. The firm has a market capitalization of $34.50 million, a PE ratio of 11.40 and a beta of 0.55. Amplify Natural Resources Dividend Income ETF has a 1-year low of $26.20 and a 1-year high of $37.65.

About Amplify Natural Resources Dividend Income ETF

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.