YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Trading 1.3% Higher – Time to Buy?

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) shares shot up 1.3% during trading on Friday . The company traded as high as $13.26 and last traded at $13.17. 683,360 shares were traded during mid-day trading, an increase of 76% from the average session volume of 389,080 shares. The stock had previously closed at $13.00.

YieldMax AMZN Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average price is $14.41 and its two-hundred day moving average price is $15.30.

YieldMax AMZN Option Income Strategy ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 13th were given a $0.255 dividend. This represents a dividend yield of 3,905.0%. The ex-dividend date of this dividend was Thursday, November 13th.

Institutional Investors Weigh In On YieldMax AMZN Option Income Strategy ETF

A number of large investors have recently added to or reduced their stakes in AMZY. Westend Capital Management LLC boosted its position in YieldMax AMZN Option Income Strategy ETF by 234.2% during the third quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after purchasing an additional 10,380 shares during the period. Captrust Financial Advisors bought a new position in shares of YieldMax AMZN Option Income Strategy ETF in the second quarter valued at about $253,000. Meadowbrook Wealth Management LLC acquired a new stake in shares of YieldMax AMZN Option Income Strategy ETF during the 3rd quarter worth about $246,000. Finally, OLD Mission Capital LLC boosted its holdings in shares of YieldMax AMZN Option Income Strategy ETF by 114.1% during the 1st quarter. OLD Mission Capital LLC now owns 47,080 shares of the company’s stock worth $755,000 after buying an additional 25,086 shares during the period.

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.