YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 640,927 shares, a drop of 42.4% from the August 15th total of 1,112,752 shares. Based on an average daily volume of 1,156,933 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.5% of the shares of the stock are sold short.
YieldMax Magnificent 7 Fund of Option Income ETF Stock Down 1.0%
NYSEARCA:YMAG traded down $0.11 during trading hours on Wednesday, hitting $11.08. The company had a trading volume of 521,918 shares, compared to its average volume of 1,172,903. YieldMax Magnificent 7 Fund of Option Income ETF has a 1 year low of $10.73 and a 1 year high of $16.01. The company has a 50-day moving average of $11.34 and a 200 day moving average of $12.01.
Institutional Trading of YieldMax Magnificent 7 Fund of Option Income ETF
A hedge fund recently bought a new position in YieldMax Magnificent 7 Fund of Option Income ETF stock. Claris Financial LLC bought a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,953 shares of the company’s stock, valued at approximately $725,000. Claris Financial LLC owned about 0.19% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.
About YieldMax Magnificent 7 Fund of Option Income ETF
The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.
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