YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Short Interest Update

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 761,825 shares, a growth of 18.8% from the February 26th total of 641,497 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average trading volume of 387,016 shares, the short-interest ratio is currently 2.0 days.

Hedge Funds Weigh In On YieldMax AMZN Option Income Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZY. Captrust Financial Advisors acquired a new stake in YieldMax AMZN Option Income Strategy ETF in the 2nd quarter valued at approximately $253,000. Meadowbrook Wealth Management LLC bought a new stake in YieldMax AMZN Option Income Strategy ETF during the 3rd quarter valued at $246,000. Finally, Westend Capital Management LLC boosted its position in YieldMax AMZN Option Income Strategy ETF by 234.2% during the 3rd quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after acquiring an additional 10,380 shares during the period.

YieldMax AMZN Option Income Strategy ETF Trading Up 1.0%

Shares of NYSEARCA:AMZY opened at $10.74 on Tuesday. The company’s 50-day moving average price is $11.69 and its 200 day moving average price is $13.16. YieldMax AMZN Option Income Strategy ETF has a fifty-two week low of $10.61 and a fifty-two week high of $16.70.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

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

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.