YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Stock Short Interest Jumps 113.5%

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,082,195 shares, a growth of 113.5% from the September 30th total of 975,462 shares. Based on an average trading volume of 1,182,198 shares, the days-to-cover ratio is currently 1.8 days. Currently, 7.3% of the shares of the company are short sold.

YieldMax SMCI Option Income Strategy ETF Stock Performance

NYSEARCA:SMCY traded down $0.16 during midday trading on Friday, reaching $4.12. The stock had a trading volume of 1,091,744 shares, compared to its average volume of 1,237,705. The firm has a fifty day simple moving average of $5.06 and a two-hundred day simple moving average of $6.00. YieldMax SMCI Option Income Strategy ETF has a 12-month low of $3.92 and a 12-month high of $15.14.

YieldMax SMCI Option Income Strategy ETF Company Profile

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.