Amplify Cash Flow High Income ETF (NASDAQ:HCOW) Sees Significant Increase in Short Interest

Amplify Cash Flow High Income ETF (NASDAQ:HCOW) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the December 31st total of 100 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.3 days.

Amplify Cash Flow High Income ETF Stock Down 0.6 %

Shares of HCOW stock traded down $0.16 during trading on Tuesday, reaching $25.98. The company had a trading volume of 1,462 shares, compared to its average volume of 3,564. The firm’s 50 day simple moving average is $26.28 and its two-hundred day simple moving average is $25.99. Amplify Cash Flow High Income ETF has a one year low of $24.52 and a one year high of $28.73.

Amplify Cash Flow High Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 30th were given a $0.1715 dividend. The ex-dividend date was Monday, December 30th.

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 purchased a new stake in Amplify Cash Flow High Income ETF (NASDAQ:HCOW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 257,494 shares of the company’s stock, valued at approximately $6,579,000. Gradient Investments LLC owned approximately 71.53% of Amplify Cash Flow High Income ETF as of its most recent SEC filing.

Amplify Cash Flow High Income ETF Company Profile

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.