YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 14.8% in January

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,165,285 shares, a decline of 14.8% from the January 15th total of 1,367,783 shares. Based on an average daily volume of 378,137 shares, the days-to-cover ratio is presently 3.1 days. Approximately 11.5% of the shares of the company are short sold. Approximately 11.5% of the shares of the company are short sold. Based on an average daily volume of 378,137 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the 4th quarter worth approximately $123,000. Private Wealth Asset Management LLC purchased a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter valued at $262,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of YieldMax PLTR Option Income Strategy ETF by 10,029.1% during the third quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock valued at $886,000 after buying an additional 13,439 shares in the last quarter.

YieldMax PLTR Option Income Strategy ETF Price Performance

NYSEARCA PLTY traded up $0.35 on Tuesday, hitting $37.75. The stock had a trading volume of 174,681 shares, compared to its average volume of 319,325. The company’s 50-day moving average is $48.73 and its two-hundred day moving average is $57.30. YieldMax PLTR Option Income Strategy ETF has a one year low of $36.08 and a one year high of $95.07.

YieldMax PLTR Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 12th were given a $0.4508 dividend. This represents a yield of 5,436.0%. The ex-dividend date was Thursday, February 12th.

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.