YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Sees Significant Decline in Short Interest

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,411,737 shares, a decline of 37.4% from the June 15th total of 2,254,891 shares. Currently, 6.7% of the company’s shares are sold short. Based on an average daily trading volume, of 757,837 shares, the days-to-cover ratio is presently 1.9 days.

YieldMax Gold Miners Option Income Strategy ETF Trading Down 0.6%

GDXY stock opened at $9.42 on Friday. YieldMax Gold Miners Option Income Strategy ETF has a twelve month low of $9.27 and a twelve month high of $18.89. The firm’s fifty day simple moving average is $11.17 and its two-hundred day simple moving average is $14.05.

Institutional Investors Weigh In On YieldMax Gold Miners Option Income Strategy ETF

An institutional investor recently bought a new stake in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC purchased a new position in YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the company’s stock, valued at approximately $40,000.

YieldMax Gold Miners Option Income Strategy ETF Company Profile

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.