Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Grows By 131.3%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 186,879 shares, a growth of 131.3% from the July 30th total of 80,801 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 275,428 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On YieldMax AMZN Option Income Strategy ETF

A hedge fund recently bought a new position in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new position in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned about 0.09% of YieldMax AMZN Option Income Strategy ETF as of its most recent SEC filing.

YieldMax AMZN Option Income Strategy ETF Price Performance

AMZY traded up $0.28 during mid-day trading on Friday, reaching $10.90. 324,504 shares of the stock were exchanged, compared to its average volume of 440,285. YieldMax AMZN Option Income Strategy ETF has a 1 year low of $9.94 and a 1 year high of $15.65. The company has a 50 day moving average price of $10.84 and a two-hundred day moving average price of $11.35.

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.