YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY – Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 358,028 shares, a decline of 56.7% from the May 14th total of 826,204 shares. Based on an average trading volume of 264,897 shares, the short-interest ratio is currently 1.4 days. Currently, 3.6% of the company’s shares are sold short.
YieldMax PLTR Option Income Strategy ETF Stock Down 2.3%
NYSEARCA:PLTY traded down $0.72 on Friday, reaching $31.26. The company’s stock had a trading volume of 212,808 shares, compared to its average volume of 255,534. YieldMax PLTR Option Income Strategy ETF has a 1-year low of $31.00 and a 1-year high of $78.84. The business’s 50-day moving average price is $35.14 and its two-hundred day moving average price is $42.36.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its stake in YieldMax PLTR Option Income Strategy ETF by 5.4% in the first quarter. Sunbelt Securities Inc. now owns 18,454 shares of the company’s stock valued at $712,000 after acquiring an additional 939 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of YieldMax PLTR Option Income Strategy ETF during the fourth quarter worth about $123,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of YieldMax PLTR Option Income Strategy ETF during the fourth quarter worth about $262,000.
YieldMax PLTR Option Income Strategy ETF Company Profile
The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.
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