Short Interest in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Grows By 33.1%

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 8,513,017 shares, a growth of 33.1% from the January 29th total of 6,397,011 shares. Based on an average daily volume of 2,846,718 shares, the days-to-cover ratio is presently 3.0 days. Approximately 14.4% of the shares of the stock are sold short. Approximately 14.4% of the shares of the stock are sold short. Based on an average daily volume of 2,846,718 shares, the days-to-cover ratio is presently 3.0 days.

YieldMax Universe Fund of Option Income ETF Trading Down 0.2%

Shares of YieldMax Universe Fund of Option Income ETF stock traded down $0.02 on Monday, hitting $8.60. 667,463 shares of the company traded hands, compared to its average volume of 2,312,096. YieldMax Universe Fund of Option Income ETF has a 52 week low of $8.28 and a 52 week high of $15.23. The business has a 50-day simple moving average of $9.47 and a 200 day simple moving average of $11.09.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $0.088 dividend. The ex-dividend date was Wednesday, February 25th. This represents a yield of 4,317.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC bought a new position in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,930 shares of the company’s stock, valued at approximately $164,000.

About YieldMax Universe Fund of Option Income ETF

(Get Free Report)

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.

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