YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Short Interest Update

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,799,613 shares, an increase of 95.6% from the August 15th total of 2,965,200 shares. Currently, 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,092,978 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YieldMax NVDA Option Income Strategy ETF stock. Versant Capital Management Inc raised its position in shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 36.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,213 shares of the company’s stock after purchasing an additional 858 shares during the period. Versant Capital Management Inc’s holdings in YieldMax NVDA Option Income Strategy ETF were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

YieldMax NVDA Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:NVDY traded up $0.11 during trading on Wednesday, reaching $12.18. 1,428,896 shares of the company were exchanged, compared to its average volume of 3,920,919. The business’s fifty day simple moving average is $12.57 and its 200-day simple moving average is $13.12. YieldMax NVDA Option Income Strategy ETF has a 12-month low of $11.57 and a 12-month high of $17.57.

YieldMax NVDA Option Income Strategy ETF Company Profile

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.