Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) Sees Significant Increase in Short Interest

Amplify Cash Flow Dividend Leaders ETF (NASDAQ:COWS) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,400 shares, an increase of 55.6% from the May 31st total of 900 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Amplify Cash Flow Dividend Leaders ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. purchased a new stake in shares of Amplify Cash Flow Dividend Leaders ETF during the fourth quarter worth about $27,000. Penserra Capital Management LLC bought a new position in Amplify Cash Flow Dividend Leaders ETF in the 3rd quarter worth approximately $2,660,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Amplify Cash Flow Dividend Leaders ETF during the 1st quarter valued at approximately $3,602,000.

Amplify Cash Flow Dividend Leaders ETF Stock Performance

Shares of NASDAQ COWS traded up $0.19 during midday trading on Friday, reaching $28.17. The stock had a trading volume of 4,854 shares, compared to its average volume of 7,698. The company has a market capitalization of $16.06 million, a price-to-earnings ratio of 11.59 and a beta of 1.08. Amplify Cash Flow Dividend Leaders ETF has a 12-month low of $23.00 and a 12-month high of $29.99. The stock has a 50-day moving average of $28.39 and a 200-day moving average of $27.88.

Amplify Cash Flow Dividend Leaders ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 27th will be paid a $0.0571 dividend. The ex-dividend date of this dividend is Thursday, June 27th.

About Amplify Cash Flow Dividend Leaders ETF

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.