YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Sees Significant Decrease in Short Interest

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,391,737 shares, a decline of 40.2% from the May 14th total of 2,328,104 shares. Based on an average daily volume of 951,915 shares, the short-interest ratio is currently 1.5 days. Approximately 6.3% of the shares of the company are sold short.

YieldMax Gold Miners Option Income Strategy ETF Trading Up 1.7%

NYSEARCA GDXY opened at $11.64 on Wednesday. The business’s 50 day moving average is $12.84 and its two-hundred day moving average is $15.03. YieldMax Gold Miners Option Income Strategy ETF has a 12-month low of $10.24 and a 12-month high of $18.89.

YieldMax Gold Miners Option Income Strategy ETF Company Profile

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.