YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Short Interest Update

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 278,546 shares, a decrease of 42.3% from the December 15th total of 482,763 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 370,122 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 370,122 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Westend Capital Management LLC boosted its holdings in YieldMax AMZN Option Income Strategy ETF by 234.2% in the third quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after acquiring an additional 10,380 shares in the last quarter. Meadowbrook Wealth Management LLC purchased a new position in shares of YieldMax AMZN Option Income Strategy ETF in the 3rd quarter worth about $246,000. Finally, Captrust Financial Advisors bought a new position in YieldMax AMZN Option Income Strategy ETF in the 2nd quarter worth about $253,000.

YieldMax AMZN Option Income Strategy ETF Stock Performance

Shares of YieldMax AMZN Option Income Strategy ETF stock opened at $13.26 on Friday. YieldMax AMZN Option Income Strategy ETF has a 1 year low of $12.90 and a 1 year high of $20.08. The company has a 50-day moving average of $13.53 and a 200 day moving average of $14.63.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 16th. Stockholders of record on Thursday, January 15th will be given a $0.0655 dividend. This represents a dividend yield of 3,761.0%. The ex-dividend date of this dividend is Thursday, January 15th.

YieldMax AMZN Option Income Strategy ETF Company Profile

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.