YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Short Interest Update

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 6,497,482 shares, a decrease of 23.7% from the February 12th total of 8,513,017 shares. Approximately 11.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,485,315 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 2,485,315 shares, the days-to-cover ratio is currently 2.6 days. Approximately 11.0% of the shares of the stock are short sold.

YieldMax Universe Fund of Option Income ETF Price Performance

YieldMax Universe Fund of Option Income ETF stock traded up $0.17 during midday trading on Monday, hitting $8.49. The company’s stock had a trading volume of 1,598,773 shares, compared to its average volume of 2,254,589. YieldMax Universe Fund of Option Income ETF has a 12 month low of $8.24 and a 12 month high of $14.52. The stock’s 50-day moving average price is $9.14 and its 200-day moving average price is $10.78.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.088 per share. This represents a dividend yield of 4,317.0%. The ex-dividend date was Wednesday, February 25th.

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC bought a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,930 shares of the company’s stock, valued at approximately $164,000.

About YieldMax Universe Fund of Option Income ETF

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.