Amplify COWS Covered Call ETF (NASDAQ:HCOW) Sees Significant Decline in Short Interest

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the recipient of a large decline in short interest in 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. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 3,540 shares, the short-interest ratio is presently 0.3 days.

Amplify COWS Covered Call ETF Price Performance

Shares of HCOW stock opened at $23.33 on Friday. 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 moving average is $24.04 and its 200 day moving average is $24.14. The company has a market cap of $13.30 million, a P/E ratio of 13.13 and a beta of 0.90.

Amplify COWS Covered Call ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.2229 per share. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend 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. Citadel Advisors LLC increased its position in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,859 shares of the company’s stock after acquiring an additional 4,334 shares during the quarter. Citadel Advisors LLC owned about 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent SEC filing.

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.