YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Sees Large Drop in Short Interest

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 77,589 shares, a decline of 45.6% from the May 31st total of 142,733 shares. Based on an average trading volume of 91,018 shares, the short-interest ratio is currently 0.9 days. Approximately 3.2% of the company’s shares are short sold.

YieldMax SNOW Option Income Strategy ETF Price Performance

SNOY traded down $0.27 on Thursday, hitting $10.37. 91,289 shares of the company were exchanged, compared to its average volume of 99,723. The firm has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $9.53. YieldMax SNOW Option Income Strategy ETF has a 12 month low of $6.17 and a 12 month high of $17.39.

About YieldMax SNOW Option Income Strategy ETF

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.