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

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 13,700 shares, a growth of 63.1% from the February 13th total of 8,400 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is presently 3.8 days.

Amplify Cash Flow High Income ETF Trading Up 1.6 %

HCOW traded up $0.37 during mid-day trading on Friday, hitting $23.76. The stock had a trading volume of 6,350 shares, compared to its average volume of 2,787. The stock’s fifty 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 1-year low of $23.22 and a 1-year high of $28.73.

Amplify Cash Flow High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.2068 dividend. The ex-dividend date was Thursday, February 27th. This is a positive change 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%.

Institutional Investors Weigh In On Amplify Cash Flow High Income ETF

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

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.