Short Interest in YieldMax MSFT Option Income Strategy ETF (NYSEARCA:MSFO) Drops By 52.0%

YieldMax MSFT Option Income Strategy ETF (NYSEARCA:MSFO) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 82,433 shares, a drop of 52.0% from the June 30th total of 171,655 shares. Based on an average trading volume of 66,527 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the company’s shares are short sold.

YieldMax MSFT Option Income Strategy ETF Stock Up 1.3%

Shares of MSFO stock traded up $0.14 during trading on Tuesday, hitting $10.62. 45,325 shares of the stock traded hands, compared to its average volume of 114,686. The firm’s fifty day moving average price is $11.11 and its 200-day moving average price is $12.20. YieldMax MSFT Option Income Strategy ETF has a 52-week low of $9.89 and a 52-week high of $18.75.

About YieldMax MSFT Option Income Strategy ETF

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