YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,351,032 shares, a decline of 42.2% from the August 31st total of 5,799,613 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,223,961 shares, the days-to-cover ratio is currently 1.5 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in YieldMax NVDA Option Income Strategy ETF stock. Sunbelt Securities Inc. increased its holdings in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY – Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,000 shares of the company’s stock after purchasing an additional 4,538 shares during the period. Sunbelt Securities Inc. owned approximately 0.24% of YieldMax NVDA Option Income Strategy ETF worth $3,206,000 at the end of the most recent quarter.
YieldMax NVDA Option Income Strategy ETF Trading Up 0.3%
Shares of NVDY stock traded up $0.04 during mid-day trading on Wednesday, reaching $12.74. The company’s stock had a trading volume of 1,499,862 shares, compared to its average volume of 3,789,458. YieldMax NVDA Option Income Strategy ETF has a 1-year low of $11.57 and a 1-year high of $17.57. The firm’s 50-day moving average is $12.57 and its two-hundred day moving average is $13.05.
About YieldMax NVDA Option Income Strategy ETF
The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.
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