Short Interest in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Drops By 53.3%

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 3,117,020 shares, a decrease of 53.3% from the May 14th total of 6,671,348 shares. Based on an average daily volume of 2,229,429 shares, the short-interest ratio is presently 1.4 days. Approximately 6.7% of the shares of the stock are sold short.

YieldMax Universe Fund of Option Income ETF Stock Down 0.5%

Shares of NYSEARCA YMAX traded down $0.04 on Friday, hitting $7.90. The company’s stock had a trading volume of 1,598,812 shares, compared to its average volume of 2,001,860. YieldMax Universe Fund of Option Income ETF has a 12-month low of $7.47 and a 12-month high of $14.11. The stock has a 50 day moving average of $8.33 and a 200-day moving average of $9.03.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Janney Montgomery Scott LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,750 shares of the company’s stock, valued at approximately $123,000.

YieldMax Universe Fund of Option Income ETF Company Profile

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.