YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) Sees Large Growth in Short Interest

YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 335,162 shares, a growth of 30.8% from the February 12th total of 256,191 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily volume of 142,306 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 142,306 shares, the short-interest ratio is currently 2.4 days. Approximately 7.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax AMD Option Income Strategy ETF stock. Westend Capital Management LLC purchased a new stake in shares of YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,214 shares of the company’s stock, valued at approximately $264,000. Westend Capital Management LLC owned 0.16% of YieldMax AMD Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax AMD Option Income Strategy ETF Trading Down 2.0%

Shares of NYSEARCA:AMDY traded down $0.61 on Friday, reaching $29.92. 77,590 shares of the company traded hands, compared to its average volume of 169,998. The stock has a market capitalization of $136.73 million, a P/E ratio of 75.84 and a beta of 1.80. The business’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $39.43. YieldMax AMD Option Income Strategy ETF has a 52 week low of $29.13 and a 52 week high of $53.83.

YieldMax AMD Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a dividend of $0.3984 per share. This represents a yield of 5,021.0%. The ex-dividend date was Thursday, February 26th.

YieldMax AMD Option Income Strategy ETF Company Profile

The YieldMax AMD Option Income Strategy ETF (AMDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Advanced Micro Devices, Inc stock (AMD) through a synthetic covered call strategy, collateralized by cash and US Treasurys AMDY was launched on Sep 18, 2023 and is issued by YieldMax.