YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Stock Short Interest Declines 85.1%

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 8,866 shares, a drop of 85.1% from the October 15th total of 59,427 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 91,834 shares, the short-interest ratio is currently 0.1 days.

YieldMax TSM Option Income Strategy ETF Price Performance

TSMY traded down $0.37 on Thursday, reaching $13.47. 79,685 shares of the stock were exchanged, compared to its average volume of 163,542. The company’s 50-day moving average price is $14.79 and its 200 day moving average price is $15.81. YieldMax TSM Option Income Strategy ETF has a fifty-two week low of $11.85 and a fifty-two week high of $18.02. The firm has a market capitalization of $94.69 million, a PE ratio of 34.69 and a beta of 1.02.

Institutional Inflows and Outflows

A hedge fund recently raised its position in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. increased its position in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) by 131.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,978 shares of the company’s stock after purchasing an additional 11,899 shares during the quarter. Sunbelt Securities Inc. owned 0.34% of YieldMax TSM Option Income Strategy ETF worth $320,000 as of its most recent SEC filing.

YieldMax TSM Option Income Strategy ETF Company Profile

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.