YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) Sees Significant Decrease in Short Interest

YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,081,593 shares, a drop of 38.6% from the July 15th total of 1,761,708 shares. Currently, 7.1% of the company’s shares are short sold. Based on an average daily volume of 824,831 shares, the days-to-cover ratio is currently 1.3 days.

YieldMax Semiconductor Portfolio Option Income ETF Price Performance

NYSEARCA CHPY traded down $3.52 on Tuesday, hitting $69.20. 911,858 shares of the company were exchanged, compared to its average volume of 559,435. YieldMax Semiconductor Portfolio Option Income ETF has a twelve month low of $50.85 and a twelve month high of $89.86. The firm has a market capitalization of $1.05 billion, a P/E ratio of 32.25 and a beta of 2.23. The company’s 50 day moving average price is $76.39 and its 200-day moving average price is $68.79.

Institutional Trading of YieldMax Semiconductor Portfolio Option Income ETF

A hedge fund recently bought a new stake in YieldMax Semiconductor Portfolio Option Income ETF stock. Sunbelt Securities Inc. bought a new position in YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 900 shares of the company’s stock, valued at approximately $50,000.

About YieldMax Semiconductor Portfolio Option Income ETF

CHPY is an actively managed ETF that seeks current income and capital appreciation by investing directly in a select portfolio of 15-30 semiconductor companies. It aims to generate income through an options portfolio on semiconductor companies and/or semiconductor ETFs.