YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 640,927 shares, a drop of 42.4% from the August 15th total of 1,112,752 shares. Based on an average trading volume of 1,156,933 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in YieldMax Magnificent 7 Fund of Option Income ETF stock. Claris Financial LLC purchased a new stake in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,953 shares of the company’s stock, valued at approximately $725,000. Claris Financial LLC owned approximately 0.19% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.
YieldMax Magnificent 7 Fund of Option Income ETF Trading Up 1.7%
Shares of YieldMax Magnificent 7 Fund of Option Income ETF stock opened at $11.27 on Friday. The firm’s 50-day moving average is $11.32 and its 200 day moving average is $11.99. YieldMax Magnificent 7 Fund of Option Income ETF has a 1 year low of $10.73 and a 1 year high of $16.01.
About YieldMax Magnificent 7 Fund of Option Income ETF
The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.
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