YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Decline in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 44,406 shares, a drop of 56.0% from the June 15th total of 100,882 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 434,076 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new position in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned approximately 0.09% of YieldMax AMZN Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax AMZN Option Income Strategy ETF Trading Down 0.6%

AMZY stock traded down $0.06 during trading on Tuesday, hitting $10.81. 98,924 shares of the stock traded hands, compared to its average volume of 476,704. YieldMax AMZN Option Income Strategy ETF has a one year low of $10.24 and a one year high of $16.70. The company has a 50 day simple moving average of $11.46 and a 200 day simple moving average of $11.89.

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.