YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Drop in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 421,475 shares, a drop of 37.7% from the May 14th total of 677,004 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 492,262 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On YieldMax AMZN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors acquired a new stake in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned 0.09% of YieldMax AMZN Option Income Strategy ETF as of its most recent SEC filing.

YieldMax AMZN Option Income Strategy ETF Price Performance

Shares of AMZY stock opened at $10.83 on Monday. The company’s 50 day moving average is $12.01 and its 200 day moving average is $12.27. YieldMax AMZN Option Income Strategy ETF has a 52-week low of $10.61 and a 52-week high of $16.70.

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.