YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Short Interest Down 81.3% in August

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 262,610 shares, a drop of 81.3% from the August 15th total of 1,406,657 shares. Based on an average daily volume of 1,088,353 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Trading of YieldMax Gold Miners Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC acquired a new stake in YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the company’s stock, valued at approximately $40,000.

YieldMax Gold Miners Option Income Strategy ETF Price Performance

GDXY traded up $0.16 during trading hours on Friday, hitting $11.13. 187,754 shares of the company’s stock were exchanged, compared to its average volume of 847,615. YieldMax Gold Miners Option Income Strategy ETF has a 12-month low of $9.27 and a 12-month high of $18.89. The firm has a 50 day moving average of $10.63 and a 200 day moving average of $12.37.

About YieldMax Gold Miners Option Income Strategy ETF

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.