YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Short Interest Down 20.4% in February

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 911,180 shares, a decrease of 20.4% from the February 12th total of 1,144,883 shares. Based on an average daily volume of 426,670 shares, the days-to-cover ratio is presently 2.1 days. Currently, 6.0% of the shares of the stock are sold short. Currently, 6.0% of the shares of the stock are sold short. Based on an average daily volume of 426,670 shares, the days-to-cover ratio is presently 2.1 days.

YieldMax COIN Option Income Strategy ETF Price Performance

Shares of YieldMax COIN Option Income Strategy ETF stock traded up $0.35 during trading on Friday, hitting $29.89. 249,383 shares of the stock traded hands, compared to its average volume of 525,108. YieldMax COIN Option Income Strategy ETF has a 52 week low of $23.43 and a 52 week high of $107.00. The firm’s fifty day moving average is $32.55 and its 200-day moving average is $49.27.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a dividend of $0.4091 per share. This represents a yield of 5,778.0%. The ex-dividend date was Thursday, February 26th.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC bought a new stake in shares of YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth approximately $26,000. Arkadios Wealth Advisors purchased a new position in YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth $91,000. J.Safra Asset Management Corp purchased a new position in YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth $202,000. Captrust Financial Advisors lifted its stake in YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock worth $327,000 after purchasing an additional 13,949 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in YieldMax COIN Option Income Strategy ETF by 1,592.2% in the third quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock worth $933,000 after purchasing an additional 127,681 shares during the last quarter.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.