Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) Sees Significant Decrease in Short Interest

Amplify Natural Resources Dividend Income ETF (NYSEARCA:NDIV) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 12,236 shares, a decrease of 62.5% from the December 15th total of 32,600 shares. Based on an average daily volume of 9,013 shares, the short-interest ratio is presently 1.4 days. Currently, 2.0% of the company’s stock are sold short. Currently, 2.0% of the company’s stock are sold short. Based on an average daily volume of 9,013 shares, the short-interest ratio is presently 1.4 days.

Amplify Natural Resources Dividend Income ETF Price Performance

NDIV stock traded up $0.02 during trading on Friday, hitting $28.90. 290 shares of the company traded hands, compared to its average volume of 9,860. The stock’s 50-day simple moving average is $27.29 and its 200 day simple moving average is $27.97. The company has a market cap of $17.34 million, a PE ratio of 11.40 and a beta of 0.82. Amplify Natural Resources Dividend Income ETF has a 1 year low of $23.77 and a 1 year high of $30.37.

Amplify Natural Resources Dividend Income ETF Company Profile

The Amplify Natural Resources Dividend Income ETF (NDIV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of 40 to 60 US-listed dividend-paying companies engaged in the natural resources industry. Holdings are selected based on fundamental factors and weighted by dividend yield. NDIV was launched on Aug 24, 2022 and is managed by Amplify.