YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Short Interest Up 36.7% in February

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 641,497 shares, a growth of 36.7% from the February 12th total of 469,187 shares. Based on an average trading volume of 551,690 shares, the short-interest ratio is currently 1.2 days. Currently, 3.3% of the shares of the stock are short sold. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 551,690 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On YieldMax AMZN Option Income Strategy ETF

Hedge funds have recently modified their holdings of the stock. Westend Capital Management LLC boosted its position 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 acquiring an additional 10,380 shares during the last quarter. Meadowbrook Wealth Management LLC purchased a new stake in YieldMax AMZN Option Income Strategy ETF in the 3rd quarter worth $246,000. Finally, Captrust Financial Advisors bought a new position in shares of YieldMax AMZN Option Income Strategy ETF during the 2nd quarter valued at about $253,000.

YieldMax AMZN Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:AMZY traded down $0.05 during trading on Friday, hitting $11.06. 319,057 shares of the company’s stock were exchanged, compared to its average volume of 511,278. The business’s 50-day simple moving average is $12.23 and its 200 day simple moving average is $13.50. YieldMax AMZN Option Income Strategy ETF has a 52-week low of $10.91 and a 52-week high of $16.88.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.0655 per share. This represents a yield of 4,291.0%. The ex-dividend date of this dividend was Thursday, February 26th.

About YieldMax AMZN Option Income Strategy ETF

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.