YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Short Interest Up 49.5% in May

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 22,980,000 shares, a growth of 49.5% from the May 15th total of 15,370,000 shares. Based on an average daily volume of 5,174,900 shares, the days-to-cover ratio is presently 4.4 days. Currently, 17.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. OLD Mission Capital LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,343 shares of the company’s stock, valued at approximately $148,000.

YieldMax COIN Option Income Strategy ETF Price Performance

Shares of YieldMax COIN Option Income Strategy ETF stock traded up $0.41 during trading on Monday, hitting $8.12. The stock had a trading volume of 5,288,674 shares, compared to its average volume of 4,013,173. YieldMax COIN Option Income Strategy ETF has a 12 month low of $6.11 and a 12 month high of $22.18. The firm’s fifty day simple moving average is $7.90 and its 200-day simple moving average is $10.60.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.