YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) Sees Significant Decrease in Short Interest

YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 248,824 shares, a drop of 25.8% from the February 26th total of 335,162 shares. Approximately 5.4% of the shares of the company are sold short. Based on an average trading volume of 68,905 shares, the days-to-cover ratio is presently 3.6 days.

Hedge Funds Weigh In On YieldMax AMD Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax AMD Option Income Strategy ETF stock. Westend Capital Management LLC acquired a new position in YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,214 shares of the company’s stock, valued at approximately $264,000. Westend Capital Management LLC owned 0.16% of YieldMax AMD Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax AMD Option Income Strategy ETF Stock Performance

Shares of AMDY traded down $1.08 during mid-day trading on Monday, hitting $29.98. 54,187 shares of the company traded hands, compared to its average volume of 153,365. The stock has a market cap of $137.01 million, a price-to-earnings ratio of 75.84 and a beta of 1.80. The stock has a 50-day moving average price of $33.34 and a two-hundred day moving average price of $38.90. YieldMax AMD Option Income Strategy ETF has a 1 year low of $29.13 and a 1 year high of $53.83.

YieldMax AMD Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a dividend of $0.3984 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 5,021.0%.

About YieldMax AMD Option Income Strategy ETF

The YieldMax AMD Option Income Strategy ETF (AMDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Advanced Micro Devices, Inc stock (AMD) through a synthetic covered call strategy, collateralized by cash and US Treasurys AMDY was launched on Sep 18, 2023 and is issued by YieldMax.