YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX – Get Free Report) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 3,117,020 shares, a decline of 53.3% from the May 14th total of 6,671,348 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,229,429 shares, the short-interest ratio is currently 1.4 days.
YieldMax Universe Fund of Option Income ETF Stock Performance
Shares of NYSEARCA:YMAX traded down $0.04 during trading on Friday, reaching $7.90. The stock had a trading volume of 1,598,812 shares, compared to its average volume of 2,001,860. The business has a fifty day moving average price of $8.33 and a 200-day moving average price of $9.03. YieldMax Universe Fund of Option Income ETF has a fifty-two week low of $7.47 and a fifty-two week high of $14.11.
Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF
An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,750 shares of the company’s stock, valued at approximately $123,000.
YieldMax Universe Fund of Option Income ETF Company Profile
The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.
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