YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 421,475 shares, a drop of 37.7% from the May 14th total of 677,004 shares. Based on an average trading volume of 492,262 shares, the short-interest ratio is currently 0.9 days. Approximately 2.1% of the company’s stock are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors purchased a new position in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned about 0.09% of YieldMax AMZN Option Income Strategy ETF as of its most recent SEC filing.
YieldMax AMZN Option Income Strategy ETF Price Performance
Shares of NYSEARCA AMZY traded down $0.13 during midday trading on Wednesday, hitting $10.96. 109,389 shares of the company’s stock were exchanged, compared to its average volume of 497,950. YieldMax AMZN Option Income Strategy ETF has a twelve month low of $10.61 and a twelve month high of $16.70. The firm’s fifty day simple moving average is $12.02 and its 200-day simple moving average is $12.24.
About YieldMax AMZN Option Income Strategy ETF
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.
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