YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Short Interest Update

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 6,497,482 shares, a decrease of 23.7% from the February 12th total of 8,513,017 shares. Approximately 11.0% of the shares of the company are short sold. Based on an average trading volume of 2,485,315 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 2,485,315 shares, the short-interest ratio is currently 2.6 days. Approximately 11.0% of the shares of the company are short sold.

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently raised its position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC lifted its holdings in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,928 shares of the company’s stock after buying an additional 19,308 shares during the quarter. YieldMax Universe Fund of Option Income ETF makes up about 0.8% of Winnow Wealth LLC’s holdings, making the stock its 17th biggest holding. Winnow Wealth LLC owned 0.19% of YieldMax Universe Fund of Option Income ETF worth $1,109,000 at the end of the most recent quarter.

YieldMax Universe Fund of Option Income ETF Price Performance

NYSEARCA:YMAX traded down $0.06 during trading hours on Friday, hitting $8.32. 1,756,410 shares of the company’s stock traded hands, compared to its average volume of 2,268,670. The business’s fifty day simple moving average is $9.14 and its two-hundred day simple moving average is $10.80. YieldMax Universe Fund of Option Income ETF has a 52 week low of $8.24 and a 52 week high of $14.52.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

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

YieldMax Universe Fund of Option Income ETF Company Profile

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.