Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Short Interest Up 471.4% in February

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 8,000 shares, an increase of 471.4% from the January 31st total of 1,400 shares. Based on an average daily trading volume, of 14,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in Amplify Cash Flow Dividend Leaders ETF by 20.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 127,678 shares of the company’s stock valued at $3,791,000 after purchasing an additional 21,603 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Amplify Cash Flow Dividend Leaders ETF by 135.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,925 shares of the company’s stock valued at $381,000 after acquiring an additional 7,440 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Amplify Cash Flow Dividend Leaders ETF by 23.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,284 shares of the company’s stock worth $481,000 after acquiring an additional 3,042 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Amplify Cash Flow Dividend Leaders ETF in the fourth quarter worth approximately $205,000.

Amplify Cash Flow Dividend Leaders ETF Price Performance

NASDAQ:COWS traded down $0.20 during trading hours on Thursday, reaching $28.79. 8,458 shares of the company traded hands, compared to its average volume of 18,994. The firm’s 50-day moving average is $29.76 and its 200-day moving average is $29.84. The stock has a market cap of $15.83 million, a P/E ratio of 11.59 and a beta of 1.08. Amplify Cash Flow Dividend Leaders ETF has a 1-year low of $27.17 and a 1-year high of $32.26.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 30th were paid a $0.0678 dividend. The ex-dividend date was Thursday, January 30th.

Amplify Cash Flow Dividend Leaders ETF Company Profile

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.