Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Declines By 42.3%

by · The Markets Daily

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 278,546 shares, a drop of 42.3% from the December 15th total of 482,763 shares. Based on an average trading volume of 370,122 shares, the short-interest ratio is currently 0.8 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 370,122 shares, the short-interest ratio is currently 0.8 days.

YieldMax AMZN Option Income Strategy ETF Trading Up 0.2%

Shares of NYSEARCA:AMZY traded up $0.03 during midday trading on Friday, hitting $13.29. The company had a trading volume of 491,084 shares, compared to its average volume of 657,691. YieldMax AMZN Option Income Strategy ETF has a 12-month low of $12.90 and a 12-month high of $20.08. The company has a fifty day moving average of $13.50 and a two-hundred day moving average of $14.61.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 16th. Stockholders of record on Thursday, January 15th were paid a $0.0655 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a dividend yield of 3,761.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Westend Capital Management LLC raised its stake 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. Meadowbrook Wealth Management LLC purchased a new stake in shares of YieldMax AMZN Option Income Strategy ETF in the third quarter worth $246,000. Finally, Captrust Financial Advisors bought a new stake in shares of YieldMax AMZN Option Income Strategy ETF during the 2nd quarter valued at $253,000.

YieldMax AMZN Option Income Strategy ETF Company Profile

(Get Free Report)

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.

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