Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) Short Interest Update

Amplify CWP Growth & Income ETF (NYSEARCA:QDVO) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 97,584 shares, a decline of 49.8% from the April 30th total of 194,286 shares. Based on an average daily volume of 250,560 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Amplify CWP Growth & Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in Amplify CWP Growth & Income ETF by 96.2% in the 4th quarter. CWM LLC now owns 1,142 shares of the company’s stock worth $33,000 after purchasing an additional 560 shares during the last quarter. MTM Investment Management LLC acquired a new stake in Amplify CWP Growth & Income ETF in the 1st quarter worth approximately $45,000. Global Retirement Partners LLC lifted its holdings in shares of Amplify CWP Growth & Income ETF by 262.7% during the fourth quarter. Global Retirement Partners LLC now owns 3,627 shares of the company’s stock worth $105,000 after buying an additional 2,627 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Amplify CWP Growth & Income ETF during the first quarter worth approximately $109,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Amplify CWP Growth & Income ETF during the fourth quarter worth approximately $177,000.

Amplify CWP Growth & Income ETF Price Performance

QDVO traded down $0.04 on Monday, hitting $30.72. The company had a trading volume of 322,264 shares, compared to its average volume of 330,002. The company’s fifty day moving average price is $28.93 and its 200 day moving average price is $28.85. Amplify CWP Growth & Income ETF has a 1-year low of $25.75 and a 1-year high of $30.97. The stock has a market cap of $697.34 million, a price-to-earnings ratio of 35.30 and a beta of 1.01.

About Amplify CWP Growth & Income ETF

The Amplify CWP Growth & Income ETF (QDVO) is an exchange-traded fund that mostly invests in large cap equity. The fund holds long exposure to the Russell 1000 Growth Index and writes exchange-traded call options on them. The fund offers a balanced approach to growth and income by actively managing a narrow portfolio of large-cap US equities with strong growth potential. QDVO was launched on Aug 22, 2024 and is issued by Amplify Investments.