Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Large Drop in Short Interest

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 200 shares, a decrease of 88.2% from the September 30th total of 1,700 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.0 days.

Amplify Cash Flow Dividend Leaders ETF Stock Performance

NASDAQ:COWS traded up $0.01 during mid-day trading on Friday, hitting $29.47. The stock had a trading volume of 583 shares, compared to its average volume of 7,074. The company’s 50 day simple moving average is $29.36 and its 200 day simple moving average is $28.76. The stock has a market cap of $18.27 million, a price-to-earnings ratio of 11.59 and a beta of 1.08. Amplify Cash Flow Dividend Leaders ETF has a twelve month low of $23.00 and a twelve month high of $30.31.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued a $0.0495 dividend. The ex-dividend date was Friday, September 27th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Amplify Cash Flow Dividend Leaders ETF stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,678 shares of the company’s stock after buying an additional 21,603 shares during the period. Wealth Enhancement Advisory Services LLC owned about 20.27% of Amplify Cash Flow Dividend Leaders ETF worth $3,791,000 at the end of the most recent quarter.

About Amplify Cash Flow Dividend Leaders ETF

The Amplify Cash Flow Dividend Leaders ETF (COWS) is an exchange-traded fund that is based on the Kelly US Cash Flow Dividend Leaders index. The fund is passively managed to invest on US companies with high free cash flow yield and dividend growth. Holdings are weighted based on a modified equal-weight basis COWS was launched on Sep 13, 2023 and is issued by Amplify Investments.