Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Short Interest Up 63.1% in February

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 13,700 shares, an increase of 63.1% from the February 13th total of 8,400 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 3.8 days. Currently, 3.5% of the shares of the company are sold short.

Institutional Trading of Amplify Cash Flow High Income ETF

An institutional investor recently bought a new position in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new stake in Amplify Cash Flow High Income ETF (NASDAQ:HCOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned about 71.53% of Amplify Cash Flow High Income ETF as of its most recent SEC filing.

Amplify Cash Flow High Income ETF Trading Up 1.6 %

Shares of Amplify Cash Flow High Income ETF stock traded up $0.37 during trading hours on Friday, reaching $23.76. The company’s stock had a trading volume of 6,350 shares, compared to its average volume of 2,787. The company’s 50 day simple moving average is $25.20 and its 200 day simple moving average is $25.78. Amplify Cash Flow High Income ETF has a one year low of $23.22 and a one year high of $28.73.

Amplify Cash Flow High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were given a $0.2068 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This is an increase from Amplify Cash Flow High Income ETF’s previous monthly dividend of $0.17. This represents a $2.48 annualized dividend and a yield of 10.44%.

About Amplify Cash Flow High Income 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.