YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Drop in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 421,475 shares, a decrease of 37.7% from the May 14th total of 677,004 shares. Based on an average daily volume of 492,262 shares, the short-interest ratio is presently 0.9 days. Currently, 2.1% of the shares of the company are sold short.

YieldMax AMZN Option Income Strategy ETF Trading Down 0.1%

YieldMax AMZN Option Income Strategy ETF stock traded down $0.01 during mid-day trading on Tuesday, hitting $11.08. The company had a trading volume of 198,746 shares, compared to its average volume of 500,850. YieldMax AMZN Option Income Strategy ETF has a 12-month low of $10.61 and a 12-month high of $16.70. The company’s fifty day moving average is $12.01 and its 200-day moving average is $12.26.

Institutional Investors Weigh In On YieldMax AMZN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors acquired a new stake in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned about 0.09% of YieldMax AMZN Option Income Strategy ETF as of its most recent filing with the SEC.

YieldMax AMZN Option Income Strategy ETF Company Profile

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.