YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Short Interest Up 195.3% in January

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZYGet Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 822,487 shares, an increase of 195.3% from the December 31st total of 278,546 shares. Based on an average daily trading volume, of 674,454 shares, the days-to-cover ratio is presently 1.2 days. Approximately 4.1% of the company’s shares are short sold. Approximately 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 674,454 shares, the days-to-cover ratio is presently 1.2 days.

YieldMax AMZN Option Income Strategy ETF Price Performance

AMZY traded down $0.08 during mid-day trading on Friday, reaching $13.15. 392,586 shares of the stock were exchanged, compared to its average volume of 556,210. The company has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $14.43. YieldMax AMZN Option Income Strategy ETF has a 1 year low of $12.70 and a 1 year high of $20.08.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 29th will be paid a $0.0655 dividend. This represents a yield of 2,555.0%. The ex-dividend date is Thursday, January 29th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Meadowbrook Wealth Management LLC purchased a new stake in shares of YieldMax AMZN Option Income Strategy ETF during the third quarter valued at $246,000. Captrust Financial Advisors acquired a new stake in shares of YieldMax AMZN Option Income Strategy ETF in the second quarter valued at about $253,000. Finally, Westend Capital Management LLC grew its stake in shares of YieldMax AMZN Option Income Strategy ETF by 234.2% in the 3rd quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock valued at $211,000 after buying an additional 10,380 shares during the period.

About YieldMax AMZN Option Income Strategy ETF

(Get Free Report)

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.

Further Reading

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