YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 56.7% in May

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 358,028 shares, a decline of 56.7% from the May 14th total of 826,204 shares. Based on an average trading volume of 264,897 shares, the days-to-cover ratio is presently 1.4 days. Approximately 3.6% of the shares of the stock are short sold.

Institutional Trading of YieldMax PLTR Option Income Strategy ETF

A number of large investors have recently added to or reduced their stakes in PLTY. Sunbelt Securities Inc. grew its position in YieldMax PLTR Option Income Strategy ETF by 10,029.1% in the third quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock worth $886,000 after buying an additional 13,439 shares during the last quarter. Private Wealth Asset Management LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF during the 4th quarter valued at $262,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF during the 4th quarter valued at $123,000.

YieldMax PLTR Option Income Strategy ETF Stock Performance

NYSEARCA:PLTY opened at $31.98 on Friday. The company has a 50-day moving average of $35.29 and a 200-day moving average of $42.44. YieldMax PLTR Option Income Strategy ETF has a twelve month low of $31.19 and a twelve month high of $78.84.

YieldMax PLTR Option Income Strategy ETF Company Profile

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.