Amplify COWS Covered Call ETF (NASDAQ:HCOW) Sees Large Growth in Short Interest

Amplify COWS Covered Call ETF (NASDAQ:HCOW) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,997 shares, a growth of 106.0% from the May 31st total of 3,882 shares. Based on an average daily volume of 5,377 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the shares of the stock are sold short.

Amplify COWS Covered Call ETF Stock Up 0.6%

NASDAQ HCOW traded up $0.14 during trading hours on Wednesday, reaching $23.79. The company’s stock had a trading volume of 4,089 shares, compared to its average volume of 4,797. The firm’s 50-day moving average price is $23.90 and its 200-day moving average price is $24.00. Amplify COWS Covered Call ETF has a 1 year low of $22.66 and a 1 year high of $25.06. The company has a market capitalization of $14.99 million, a price-to-earnings ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a dividend of $0.2409 per share. The ex-dividend date was Monday, June 29th. This is an increase from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a dividend yield of 12.2%.

Hedge Funds Weigh In On Amplify COWS Covered Call ETF

A hedge fund recently raised its position in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC grew its holdings in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,859 shares of the company’s stock after buying an additional 4,334 shares during the quarter. Citadel Advisors LLC owned 4.42% of Amplify COWS Covered Call ETF worth $573,000 at the end of the most recent reporting period.

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.