Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Declines By 33.0%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 469,187 shares, a decrease of 33.0% from the January 29th total of 700,710 shares. Based on an average trading volume of 505,041 shares, the short-interest ratio is currently 0.9 days. Currently, 2.4% of the shares of the company are sold short. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 505,041 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Westend Capital Management LLC raised its position in YieldMax AMZN Option Income Strategy ETF by 234.2% in the 3rd quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock valued at $211,000 after purchasing an additional 10,380 shares during the last quarter. Captrust Financial Advisors acquired a new position in YieldMax AMZN Option Income Strategy ETF in the 2nd quarter valued at about $253,000. Finally, Meadowbrook Wealth Management LLC purchased a new position in shares of YieldMax AMZN Option Income Strategy ETF during the 3rd quarter worth $246,000.

YieldMax AMZN Option Income Strategy ETF Trading Down 0.7%

Shares of YieldMax AMZN Option Income Strategy ETF stock traded down $0.08 during trading hours on Monday, reaching $11.22. The stock had a trading volume of 231,113 shares, compared to its average volume of 535,119. The stock’s 50 day moving average is $12.62 and its 200 day moving average is $13.79. YieldMax AMZN Option Income Strategy ETF has a twelve month low of $10.91 and a twelve month high of $17.89.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a $0.0655 dividend. This represents a dividend yield of 4,291.0%. The ex-dividend date was Thursday, February 26th.

YieldMax AMZN Option Income Strategy ETF Company Profile

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.