YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) Sees Significant Decline in Short Interest

YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 78,022 shares, a drop of 79.6% from the November 30th total of 381,730 shares. Based on an average trading volume of 25,092 shares, the short-interest ratio is currently 3.1 days. Approximately 3.9% of the company’s stock are sold short. Approximately 3.9% of the company’s stock are sold short. Based on an average trading volume of 25,092 shares, the short-interest ratio is currently 3.1 days.

YieldMax Innovation Option Income Strategy ETF Stock Performance

Shares of OARK stock traded down $0.49 on Friday, hitting $37.46. The stock had a trading volume of 19,891 shares, compared to its average volume of 31,805. The business has a 50 day moving average of $39.84 and a 200 day moving average of $42.60. YieldMax Innovation Option Income Strategy ETF has a 12-month low of $31.70 and a 12-month high of $56.15.

YieldMax Innovation Option Income Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Shareholders of record on Thursday, December 18th were paid a $1.0685 dividend. The ex-dividend date was Thursday, December 18th. This represents a yield of 4,069.0%.

YieldMax Innovation Option Income Strategy ETF Company Profile

The YieldMax ARKK Option Income Strategy ETF (OARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. OARK was launched on Nov 22, 2022 and is managed by YieldMax.