YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Short Interest Down 59.1% in June

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,555,713 shares, a decrease of 59.1% from the May 31st total of 3,800,576 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average daily volume of 626,817 shares, the days-to-cover ratio is currently 2.5 days.

YieldMax Ultra Option Income Strategy ETF Price Performance

NYSEARCA:ULTY opened at $29.08 on Wednesday. The firm has a market capitalization of $791.85 million, a P/E ratio of 40.09 and a beta of 1.43. The business has a 50 day simple moving average of $30.98 and a 200 day simple moving average of $33.54. YieldMax Ultra Option Income Strategy ETF has a 12-month low of $28.61 and a 12-month high of $64.60.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

An institutional investor recently bought a new stake in YieldMax Ultra Option Income Strategy ETF stock. Arax Advisory Partners purchased a new stake in shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 700 shares of the company’s stock, valued at approximately $26,000.

About YieldMax Ultra Option Income Strategy ETF

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.