YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Sees Large Growth in Short Interest

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 127,251 shares, a growth of 70.6% from the November 30th total of 74,602 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 133,064 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 133,064 shares, the short-interest ratio is currently 1.0 days. Approximately 2.3% of the company’s shares are sold short.

Institutional Trading of YieldMax SNOW Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax SNOW Option Income Strategy ETF stock. Westend Capital Management LLC boosted its stake in shares of YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) by 50.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,609 shares of the company’s stock after acquiring an additional 2,538 shares during the period. Westend Capital Management LLC owned about 0.11% of YieldMax SNOW Option Income Strategy ETF worth $131,000 at the end of the most recent quarter.

YieldMax SNOW Option Income Strategy ETF Stock Performance

NYSEARCA SNOY traded up $0.04 during trading hours on Tuesday, hitting $12.40. 9,774 shares of the company’s stock traded hands, compared to its average volume of 157,907. The business’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $15.16. YieldMax SNOW Option Income Strategy ETF has a 52 week low of $11.89 and a 52 week high of $20.67.

YieldMax SNOW Option Income Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.3875 per share. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 4,366.0%.

About YieldMax SNOW Option Income Strategy ETF

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.