Short Interest in Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Drops By 20.2%

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 12,041 shares, a drop of 20.2% from the February 12th total of 15,086 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 5,223 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 5,223 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Trading of Amplify Cash Flow Dividend Leaders ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of Amplify Cash Flow Dividend Leaders ETF by 16.4% in the fourth quarter. Cetera Investment Advisers now owns 26,270 shares of the company’s stock worth $874,000 after buying an additional 3,702 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Amplify Cash Flow Dividend Leaders ETF during the 4th quarter valued at about $128,000. CreativeOne Wealth LLC bought a new position in shares of Amplify Cash Flow Dividend Leaders ETF in the 4th quarter valued at approximately $257,000. Steward Partners Investment Advisory LLC raised its stake in shares of Amplify Cash Flow Dividend Leaders ETF by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 36,241 shares of the company’s stock valued at $1,206,000 after acquiring an additional 916 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Amplify Cash Flow Dividend Leaders ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 40,911 shares of the company’s stock worth $1,361,000 after purchasing an additional 4,441 shares during the last quarter.

Amplify Cash Flow Dividend Leaders ETF Price Performance

COWS traded up $0.10 on Friday, reaching $33.00. 1,958 shares of the company traded hands, compared to its average volume of 10,707. The company has a market cap of $32.34 million, a price-to-earnings ratio of 10.37 and a beta of 1.16. The stock’s 50 day moving average price is $33.99 and its 200-day moving average price is $32.88. Amplify Cash Flow Dividend Leaders ETF has a 52-week low of $23.53 and a 52-week high of $35.25.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.0311 per share. The ex-dividend date of this dividend was Thursday, February 26th.

Amplify Cash Flow Dividend Leaders ETF Company Profile

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.