YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Sees Significant Decrease in Short Interest

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 6,397,011 shares, a decline of 14.7% from the January 15th total of 7,501,002 shares. Based on an average daily volume of 2,454,320 shares, the days-to-cover ratio is currently 2.6 days. Approximately 10.8% of the shares of the stock are sold short. Approximately 10.8% of the shares of the stock are sold short. Based on an average daily volume of 2,454,320 shares, the days-to-cover ratio is currently 2.6 days.

YieldMax Universe Fund of Option Income ETF Price Performance

Shares of NYSEARCA YMAX opened at $8.46 on Tuesday. YieldMax Universe Fund of Option Income ETF has a 1 year low of $8.32 and a 1 year high of $17.04. The firm has a fifty day moving average price of $9.83 and a 200-day moving average price of $11.39.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, February 11th were given a dividend of $0.088 per share. The ex-dividend date was Wednesday, February 11th. This represents a dividend yield of 4,461.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,930 shares of the company’s stock, valued at approximately $164,000.

YieldMax Universe Fund of Option Income ETF Company Profile

(Get Free Report)

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.

Further Reading

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