Short Interest in YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Rises By 23.4%

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCYGet Free Report) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,273,770 shares, an increase of 23.4% from the February 12th total of 1,032,253 shares. Based on an average trading volume of 1,460,121 shares, the short-interest ratio is presently 0.9 days. Currently, 6.5% of the company’s stock are short sold. Currently, 6.5% of the company’s stock are short sold. Based on an average trading volume of 1,460,121 shares, the short-interest ratio is presently 0.9 days.

YieldMax SMCI Option Income Strategy ETF Price Performance

SMCY traded up $0.20 during trading on Monday, reaching $7.64. 1,278,228 shares of the stock traded hands, compared to its average volume of 1,501,498. The stock’s 50-day simple moving average is $7.96 and its two-hundred day simple moving average is $10.94. YieldMax SMCI Option Income Strategy ETF has a fifty-two week low of $7.30 and a fifty-two week high of $25.00.

YieldMax SMCI Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.0728 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 8,458.0%.

Institutional Investors Weigh In On YieldMax SMCI Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax SMCI Option Income Strategy ETF stock. FNY Investment Advisers LLC increased its holdings in YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCYFree Report) by 278.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,300 shares of the company’s stock after purchasing an additional 3,900 shares during the period. FNY Investment Advisers LLC’s holdings in YieldMax SMCI Option Income Strategy ETF were worth $42,000 at the end of the most recent reporting period.

YieldMax SMCI Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.

Further Reading

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