YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Sees Large Decrease in Short Interest

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 2,180,417 shares, a decline of 12.8% from the January 15th total of 2,501,025 shares. Approximately 8.3% of the shares of the stock are sold short. Based on an average daily volume of 1,879,891 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,879,891 shares, the short-interest ratio is currently 1.2 days. Approximately 8.3% of the shares of the stock are sold short.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Down 1.5%

Shares of YMAG opened at $12.86 on Tuesday. YieldMax Magnificent 7 Fund of Option Income ETF has a 52-week low of $12.83 and a 52-week high of $18.34. The company has a 50-day simple moving average of $14.00 and a 200-day simple moving average of $14.81.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 12th. Shareholders of record on Wednesday, February 11th were issued a $0.0503 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a yield of 4,523.0%.

About YieldMax Magnificent 7 Fund of Option Income ETF

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.