Short Interest in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Rises By 95.6%

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 5,799,613 shares, a growth of 95.6% from the August 15th total of 2,965,200 shares. Approximately 5.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,092,978 shares, the days-to-cover ratio is presently 2.8 days.

YieldMax NVDA Option Income Strategy ETF Stock Performance

Shares of NYSEARCA NVDY traded up $0.06 during midday trading on Tuesday, hitting $12.07. The stock had a trading volume of 912,110 shares, compared to its average volume of 3,925,306. The stock has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $13.14. YieldMax NVDA Option Income Strategy ETF has a 1 year low of $11.57 and a 1 year high of $17.57.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YieldMax NVDA Option Income Strategy ETF stock. Versant Capital Management Inc grew its stake in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 36.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,213 shares of the company’s stock after purchasing an additional 858 shares during the period. Versant Capital Management Inc’s holdings in YieldMax NVDA Option Income Strategy ETF were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

YieldMax NVDA Option Income Strategy ETF Company Profile

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.