Short Interest in YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Rises By 65.7%

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMYGet Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 50,150 shares, an increase of 65.7% from the May 14th total of 30,265 shares. Based on an average daily volume of 139,125 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On YieldMax TSM Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. lifted its position in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMYFree Report) by 131.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,978 shares of the company’s stock after purchasing an additional 11,899 shares during the quarter. Sunbelt Securities Inc. owned approximately 0.34% of YieldMax TSM Option Income Strategy ETF worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

YieldMax TSM Option Income Strategy ETF Stock Up 2.4%

Shares of TSMY traded up $0.40 during trading hours on Monday, reaching $17.00. 486,421 shares of the company traded hands, compared to its average volume of 177,453. The stock’s fifty day moving average is $16.47 and its 200 day moving average is $16.14. YieldMax TSM Option Income Strategy ETF has a 1-year low of $14.30 and a 1-year high of $17.96.

YieldMax TSM Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.

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