Amplify COWS Covered Call ETF (NASDAQ:HCOW) Trading Down 0% – Here’s What Happened

Amplify COWS Covered Call ETF (NASDAQ:HCOW)’s stock price dropped 0% during trading on Tuesday . The stock traded as low as $23.85 and last traded at $23.93. Approximately 3,795 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 4,727 shares. The stock had previously closed at $23.94.

Amplify COWS Covered Call ETF Price Performance

The business has a fifty day moving average of $23.87 and a 200 day moving average of $24.02. The stock has a market cap of $15.08 million, a PE ratio of 13.13 and a beta of 0.75.

Amplify COWS Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were given a $0.2407 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change from Amplify COWS Covered Call ETF’s previous monthly dividend of $0.23.

Institutional Trading of Amplify COWS Covered Call ETF

A hedge fund recently raised its position in Amplify COWS Covered Call ETF stock. Citadel Advisors LLC lifted its stake in shares of Amplify COWS Covered Call ETF (NASDAQ:HCOW) by 22.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,859 shares of the company’s stock after buying an additional 4,334 shares during the quarter. Citadel Advisors LLC owned approximately 4.42% of Amplify COWS Covered Call ETF worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

About Amplify COWS Covered Call 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. HCOW was launched on Sep 20, 2023 and is issued by Amplify Investments.