YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) Sees Large Increase in Short Interest

YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,218,577 shares, an increase of 87.6% from the May 31st total of 649,548 shares. Currently, 13.6% of the shares of the company are sold short. Based on an average daily volume of 971,880 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On YieldMax Semiconductor Portfolio Option Income ETF

A hedge fund recently bought a new stake in YieldMax Semiconductor Portfolio Option Income ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 900 shares of the company’s stock, valued at approximately $50,000.

YieldMax Semiconductor Portfolio Option Income ETF Price Performance

Shares of YieldMax Semiconductor Portfolio Option Income ETF stock traded down $5.29 during trading hours on Wednesday, reaching $82.85. The company had a trading volume of 822,267 shares, compared to its average volume of 526,225. YieldMax Semiconductor Portfolio Option Income ETF has a one year low of $50.85 and a one year high of $89.86. The business has a fifty day simple moving average of $78.11 and a 200 day simple moving average of $65.39. The firm has a market cap of $743.99 million, a PE ratio of 32.25 and a beta of 2.17.

About YieldMax Semiconductor Portfolio Option Income ETF

CHPY is an actively managed ETF that seeks current income and capital appreciation by investing directly in a select portfolio of 15-30 semiconductor companies. It aims to generate income through an options portfolio on semiconductor companies and/or semiconductor ETFs.