YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 35.0% in June

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 232,793 shares, a decline of 35.0% from the May 31st total of 358,028 shares. Based on an average daily volume of 184,141 shares, the days-to-cover ratio is currently 1.3 days. Currently, 2.3% of the shares of the stock are short sold.

YieldMax PLTR Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:PLTY opened at $30.01 on Thursday. YieldMax PLTR Option Income Strategy ETF has a 1-year low of $26.06 and a 1-year high of $78.84. The company has a 50 day moving average price of $33.31 and a 200 day moving average price of $40.04.

Institutional Investors Weigh In On YieldMax PLTR Option Income Strategy ETF

A number of large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in YieldMax PLTR Option Income Strategy ETF by 10,029.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock worth $886,000 after purchasing an additional 13,439 shares in the last quarter. Private Wealth Asset Management LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter worth $262,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter worth $123,000.

About YieldMax PLTR Option Income Strategy ETF

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.