YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sees Large Drop in Short Interest

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 64,050,000 shares, a decline of 25.7% from the August 31st total of 86,250,000 shares. Based on an average trading volume of 33,273,800 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 33,273,800 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On YieldMax Ultra Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax Ultra Option Income Strategy ETF stock. OLD Mission Capital LLC grew its position in shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) by 341.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,401 shares of the company’s stock after buying an additional 149,619 shares during the quarter. OLD Mission Capital LLC owned 0.48% of YieldMax Ultra Option Income Strategy ETF worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

YieldMax Ultra Option Income Strategy ETF Price Performance

NYSEARCA ULTY opened at $5.53 on Tuesday. The company has a fifty day moving average price of $5.74 and a 200-day moving average price of $5.98. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 40.09 and a beta of 1.59. YieldMax Ultra Option Income Strategy ETF has a 1 year low of $5.23 and a 1 year high of $10.92.

About YieldMax Ultra Option Income Strategy ETF

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.