Short Interest in Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Expands By 41.7%

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,200 shares, an increase of 41.7% from the March 31st total of 7,200 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.4% of the shares of the stock are short sold.

Amplify Cash Flow High Income ETF Trading Up 1.3 %

HCOW stock opened at $22.14 on Friday. The firm has a 50-day moving average price of $22.92 and a 200-day moving average price of $24.97. Amplify Cash Flow High Income ETF has a 12 month low of $20.04 and a 12 month high of $28.05. The stock has a market capitalization of $9.30 million, a P/E ratio of 12.01 and a beta of 1.02.

Amplify Cash Flow High Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 29th were issued a dividend of $0.2016 per share. The ex-dividend date of this dividend was Tuesday, April 29th.

Hedge Funds Weigh In On 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 bought a new position in shares of 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 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 at the end of the most recent reporting period.

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.