Short Interest in YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Rises By 61.8%

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 205,952 shares, a growth of 61.8% from the December 15th total of 127,251 shares. Based on an average daily volume of 108,497 shares, the short-interest ratio is presently 1.9 days. Approximately 4.8% of the shares of the company are sold short. Approximately 4.8% of the shares of the company are sold short. Based on an average daily volume of 108,497 shares, the short-interest ratio is presently 1.9 days.

YieldMax SNOW Option Income Strategy ETF Stock Performance

SNOY traded up $0.05 during trading hours on Friday, hitting $11.31. 99,824 shares of the stock were exchanged, compared to its average volume of 68,075. The stock has a 50-day simple moving average of $13.08 and a 200-day simple moving average of $14.71. YieldMax SNOW Option Income Strategy ETF has a 12 month low of $11.08 and a 12 month high of $20.67.

YieldMax SNOW Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 16th. Investors of record on Thursday, January 15th were given a $0.0868 dividend. The ex-dividend date was Thursday, January 15th. This represents a dividend yield of 3,113.0%.

Hedge Funds Weigh In On YieldMax SNOW Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax SNOW Option Income Strategy ETF stock. Westend Capital Management LLC increased its holdings in shares of YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,609 shares of the company’s stock after buying an additional 2,538 shares during the quarter. Westend Capital Management LLC owned 0.11% of YieldMax SNOW Option Income Strategy ETF worth $131,000 as of its most recent SEC filing.

YieldMax SNOW Option Income Strategy ETF Company Profile

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.