YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Sees Significant Decrease in Short Interest

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 6,497,482 shares, a decline of 23.7% from the February 12th total of 8,513,017 shares. Based on an average trading volume of 2,485,315 shares, the short-interest ratio is currently 2.6 days. Approximately 11.0% of the company’s stock are sold short. Approximately 11.0% of the company’s stock are sold short. Based on an average trading volume of 2,485,315 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC bought a new position in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF makes up approximately 0.9% of Winnow Wealth LLC’s portfolio, making the stock its 21st largest position. Winnow Wealth LLC owned 0.12% of YieldMax Universe Fund of Option Income ETF at the end of the most recent reporting period.

YieldMax Universe Fund of Option Income ETF Price Performance

Shares of YieldMax Universe Fund of Option Income ETF stock traded down $0.06 during trading on Friday, hitting $8.32. 1,756,410 shares of the stock were exchanged, compared to its average volume of 2,268,670. The firm’s 50-day moving average price is $9.14 and its 200 day moving average price is $10.81. YieldMax Universe Fund of Option Income ETF has a 12-month low of $8.24 and a 12-month high of $14.52.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $0.088 dividend. The ex-dividend date was Wednesday, February 25th. This represents a yield of 4,317.0%.

YieldMax Universe Fund of Option Income ETF Company Profile

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.