YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Short Interest Down 23.8% in March

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 145,928 shares, a decline of 23.8% from the February 26th total of 191,559 shares. Currently, 3.6% of the company’s shares are short sold. Based on an average daily volume of 43,747 shares, the short-interest ratio is currently 3.3 days.

YieldMax SNOW Option Income Strategy ETF Price Performance

Shares of NYSEARCA:SNOY opened at $7.91 on Friday. The business’s 50 day moving average is $9.49 and its 200 day moving average is $12.49. YieldMax SNOW Option Income Strategy ETF has a 52-week low of $7.80 and a 52-week high of $17.81.

YieldMax SNOW Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were given a dividend of $0.0868 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 4,694.0%.

About YieldMax SNOW Option Income Strategy ETF

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.