YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,117,020 shares, a decrease of 53.3% from the May 14th total of 6,671,348 shares. Approximately 6.7% of the shares of the company are sold short. Based on an average daily volume of 2,229,429 shares, the days-to-cover ratio is presently 1.4 days.
YieldMax Universe Fund of Option Income ETF Stock Up 3.7%
Shares of YMAX stock traded up $0.29 on Monday, reaching $8.19. The stock had a trading volume of 1,620,140 shares, compared to its average volume of 1,998,631. The firm’s 50-day moving average is $8.34 and its two-hundred day moving average is $9.00. YieldMax Universe Fund of Option Income ETF has a 12 month low of $7.47 and a 12 month high of $14.11.
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 increased its position in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX – Free Report) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,928 shares of the company’s stock after purchasing an additional 19,308 shares during the quarter. YieldMax Universe Fund of Option Income ETF makes up 0.8% of Winnow Wealth LLC’s holdings, making the stock its 17th largest position. Winnow Wealth LLC owned about 0.19% of YieldMax Universe Fund of Option Income ETF worth $1,109,000 at the end of the most recent reporting period.
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.
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