YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Short Interest Down 81.3% in August

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 262,610 shares, a decline of 81.3% from the August 15th total of 1,406,657 shares. Based on an average daily volume of 1,088,353 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.2% of the shares of the company are short sold.

YieldMax Gold Miners Option Income Strategy ETF Stock Performance

GDXY traded up $0.10 during trading on Friday, reaching $11.07. 614,773 shares of the company were exchanged, compared to its average volume of 850,192. YieldMax Gold Miners Option Income Strategy ETF has a 12-month low of $9.27 and a 12-month high of $18.89. The company’s 50-day moving average is $10.64 and its two-hundred day moving average is $12.32.

Institutional Investors Weigh In On YieldMax Gold Miners Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC bought a new position in shares of YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $40,000.

YieldMax Gold Miners Option Income Strategy ETF Company Profile

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.