Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Sees Significant Increase in Short Interest

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 13,700 shares, a growth of 63.1% from the February 13th total of 8,400 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 3.8 days. Approximately 3.5% of the shares of the company are sold short.

Amplify Cash Flow High Income ETF Price Performance

Shares of NASDAQ HCOW opened at $23.76 on Monday. Amplify Cash Flow High Income ETF has a 52-week low of $23.22 and a 52-week high of $28.73. The business has a 50-day moving average price of $25.20 and a 200 day moving average price of $25.78.

Amplify Cash Flow High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were given a dividend of $0.2068 per share. The ex-dividend date of this dividend was Thursday, February 27th. This is a positive change from Amplify Cash Flow High Income ETF’s previous monthly dividend of $0.17. This represents a $2.48 dividend on an annualized basis and a dividend yield of 10.44%.

Hedge Funds Weigh In On Amplify Cash Flow High Income ETF

An institutional investor recently bought a new position in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new stake in shares of Amplify Cash Flow High Income ETF (NASDAQ:HCOW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned about 71.53% of Amplify Cash Flow High Income ETF as of its most recent SEC filing.

Amplify Cash Flow High Income ETF Company Profile

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.