Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Sees Large Decline in Short Interest

Amplify Cash Flow High Income ETF (NASDAQ:HCOWGet Free Report) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 6,800 shares, a drop of 50.4% from the February 28th total of 13,700 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amplify Cash Flow High Income ETF stock. Gradient Investments LLC acquired a new position in Amplify Cash Flow High Income ETF (NASDAQ:HCOWFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 Down 2.5 %

NASDAQ HCOW traded down $0.62 during trading on Friday, hitting $23.72. 2,415 shares of the company’s stock were exchanged, compared to its average volume of 2,929. The company has a market cap of $9.25 million, a PE ratio of 12.37 and a beta of 1.02. Amplify Cash Flow High Income ETF has a fifty-two week low of $23.22 and a fifty-two week high of $28.73. The stock’s 50 day moving average price is $24.90 and its two-hundred day moving average price is $25.70.

Amplify Cash Flow High Income ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 28th will be given a dividend of $0.2033 per share. This is a boost from Amplify Cash Flow High Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Friday, March 28th.

Amplify Cash Flow High Income ETF Company Profile

(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.

Further Reading

Receive News & Ratings for Amplify Cash Flow High Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Cash Flow High Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.