YieldMax GOOGL Option Income Strategy ETF (NYSEARCA:GOOY) Sees Significant Growth in Short Interest

YieldMax GOOGL Option Income Strategy ETF (NYSEARCA:GOOY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 479,931 shares, an increase of 81.7% from the May 14th total of 264,106 shares. Based on an average daily trading volume, of 769,834 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.8% of the company’s stock are sold short.

YieldMax GOOGL Option Income Strategy ETF Stock Performance

GOOY stock traded up $0.35 on Monday, hitting $13.97. 364,970 shares of the company’s stock were exchanged, compared to its average volume of 511,076. YieldMax GOOGL Option Income Strategy ETF has a 12-month low of $11.36 and a 12-month high of $15.96. The firm has a 50 day moving average price of $14.37 and a two-hundred day moving average price of $14.35. The stock has a market cap of $241.68 million, a P/E ratio of 23.63 and a beta of 0.84.

YieldMax GOOGL Option Income Strategy ETF Company Profile

The YieldMax GOOGL Option Income Strategy ETF (GOOY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Alphabet Inc stock (GOOGL) through a synthetic covered call strategy, collateralized by cash and US Treasurys GOOY was launched on Jul 27, 2023 and is issued by YieldMax.