YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 3,351,032 shares, a decrease of 42.2% from the August 31st total of 5,799,613 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 2,223,961 shares, the days-to-cover ratio is currently 1.5 days.
YieldMax NVDA Option Income Strategy ETF Price Performance
NYSEARCA NVDY remained flat at $12.74 during trading hours on Thursday. The company’s stock had a trading volume of 1,232,578 shares, compared to its average volume of 3,775,906. YieldMax NVDA Option Income Strategy ETF has a 1 year low of $11.57 and a 1 year high of $17.57. The business has a fifty day moving average of $12.57 and a two-hundred day moving average of $13.04.
Institutional Inflows and Outflows
A hedge fund recently raised its position in YieldMax NVDA Option Income Strategy ETF stock. Sunbelt Securities Inc. increased its stake in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY – Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,462 shares of the company’s stock after acquiring an additional 10,851 shares during the period. Sunbelt Securities Inc. owned approximately 0.23% of YieldMax NVDA Option Income Strategy ETF worth $3,542,000 at the end of the most recent reporting period.
YieldMax NVDA Option Income Strategy ETF Company Profile
The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.
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