Short Interest in YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) Declines By 73.4%

YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 426,950 shares, a drop of 73.4% from the April 30th total of 1,606,910 shares. Approximately 4.8% of the shares of the stock are short sold. Based on an average trading volume of 739,295 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On YieldMax Semiconductor Portfolio Option Income ETF

A hedge fund recently bought a new stake in YieldMax Semiconductor Portfolio Option Income ETF stock. Sunbelt Securities Inc. acquired a new position in shares of YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 900 shares of the company’s stock, valued at approximately $50,000.

YieldMax Semiconductor Portfolio Option Income ETF Stock Down 0.5%

Shares of NYSEARCA CHPY traded down $0.41 during midday trading on Friday, hitting $80.68. The stock had a trading volume of 366,800 shares, compared to its average volume of 448,092. The company has a market capitalization of $724.51 million, a PE ratio of 32.25 and a beta of 2.63. The stock has a 50 day simple moving average of $66.04 and a 200-day simple moving average of $60.78. YieldMax Semiconductor Portfolio Option Income ETF has a 1 year low of $49.35 and a 1 year high of $82.75.

About YieldMax Semiconductor Portfolio Option Income ETF

CHPY is an actively managed ETF that seeks current income and capital appreciation by investing directly in a select portfolio of 15-30 semiconductor companies. It aims to generate income through an options portfolio on semiconductor companies and/or semiconductor ETFs.