Amplify COWS Covered Call ETF (NASDAQ:HCOW) Short Interest Down 40.7% in June

Amplify COWS Covered Call ETF (NASDAQ:HCOWGet Free Report) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 4,742 shares, a drop of 40.7% from the June 15th total of 7,997 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 5,462 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Amplify COWS Covered Call ETF

A hedge fund recently raised its position in Amplify COWS Covered Call ETF stock. Gradient Investments LLC grew its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOWFree Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,379 shares of the company’s stock after buying an additional 2,855 shares during the period. Gradient Investments LLC owned 59.88% of Amplify COWS Covered Call ETF worth $7,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Amplify COWS Covered Call ETF Trading Down 0.4%

Amplify COWS Covered Call ETF stock traded down $0.09 during mid-day trading on Friday, hitting $24.35. The stock had a trading volume of 5,409 shares, compared to its average volume of 4,833. The firm has a market capitalization of $16.80 million, a P/E ratio of 13.13 and a beta of 0.75. The firm’s 50 day moving average is $23.93 and its 200 day moving average is $23.95. Amplify COWS Covered Call ETF has a one year low of $22.66 and a one year high of $25.06.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.2409 dividend. The ex-dividend date was Monday, June 29th. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.24. This represents a c) annualized dividend and a dividend yield of 11.9%.

About Amplify COWS Covered Call ETF

(Get Free Report)

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.

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