Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Drops By 14.8%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 700,710 shares, a decline of 14.8% from the January 15th total of 822,487 shares. Based on an average trading volume of 442,617 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.6% of the shares of the company are short sold. Approximately 3.6% of the shares of the company are short sold. Based on an average trading volume of 442,617 shares, the days-to-cover ratio is presently 1.6 days.

YieldMax AMZN Option Income Strategy ETF Stock Performance

NYSEARCA AMZY traded up $0.17 during midday trading on Wednesday, hitting $11.30. The company had a trading volume of 40,002 shares, compared to its average volume of 520,843. YieldMax AMZN Option Income Strategy ETF has a fifty-two week low of $10.91 and a fifty-two week high of $18.77. The firm has a fifty day simple moving average of $12.93 and a two-hundred day simple moving average of $14.01.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 13th. Shareholders of record on Thursday, February 12th were given a $0.0655 dividend. This represents a yield of 3,671.0%. The ex-dividend date was Thursday, February 12th.

Institutional Trading of YieldMax AMZN Option Income Strategy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZY. Westend Capital Management LLC grew its stake in shares of YieldMax AMZN Option Income Strategy ETF by 234.2% during the third quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after purchasing an additional 10,380 shares during the period. Captrust Financial Advisors acquired a new position in shares of YieldMax AMZN Option Income Strategy ETF in the second quarter valued at approximately $253,000. Finally, Meadowbrook Wealth Management LLC bought a new position in YieldMax AMZN Option Income Strategy ETF during the 3rd quarter worth about $246,000.

YieldMax AMZN Option Income Strategy ETF Company Profile

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.