Short Interest in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) Grows By 81.6%

Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 164,038 shares, an increase of 81.6% from the August 15th total of 90,316 shares. Based on an average daily trading volume, of 762,069 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Amplify CWP Enhanced Dividend Income ETF Trading Down 1.0%

Shares of DIVO stock traded down $0.46 during trading hours on Wednesday, reaching $47.05. The stock had a trading volume of 1,026,290 shares, compared to its average volume of 866,794. The stock’s fifty day simple moving average is $47.60 and its 200 day simple moving average is $46.38. The firm has a market capitalization of $7.57 billion, a PE ratio of 22.46 and a beta of 0.65. Amplify CWP Enhanced Dividend Income ETF has a 12 month low of $43.55 and a 12 month high of $49.03.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Amplify CWP Enhanced Dividend Income ETF by 359.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,039,452 shares of the company’s stock valued at $46,256,000 after buying an additional 813,385 shares in the last quarter. CPC Advisors LLC grew its position in Amplify CWP Enhanced Dividend Income ETF by 99.1% in the first quarter. CPC Advisors LLC now owns 1,225,470 shares of the company’s stock worth $54,962,000 after acquiring an additional 610,117 shares in the last quarter. Hibernia Wealth Partners LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 104.8% in the fourth quarter. Hibernia Wealth Partners LLC now owns 840,268 shares of the company’s stock valued at $37,392,000 after acquiring an additional 430,034 shares during the last quarter. LPL Financial LLC increased its stake in Amplify CWP Enhanced Dividend Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,447,779 shares of the company’s stock valued at $331,426,000 after acquiring an additional 294,892 shares during the last quarter. Finally, Retirement Planning Group LLC raised its position in Amplify CWP Enhanced Dividend Income ETF by 9.9% during the first quarter. Retirement Planning Group LLC now owns 3,180,704 shares of the company’s stock valued at $142,655,000 after purchasing an additional 287,226 shares in the last quarter.

Amplify CWP Enhanced Dividend Income ETF Company Profile

The Amplify CWP Enhanced Dividend Income ETF (DIVO) is an exchange-traded fund that is based on the S&P 500 Stock Covered Call index. The fund is an actively-managed ETF that provides income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. DIVO was launched on Dec 14, 2016 and is managed by Amplify.