YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Shares Down 0.5% – Should You Sell?

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) shares fell 0.5% on Friday . The company traded as low as $12.16 and last traded at $12.16. 326,026 shares changed hands during trading, a decline of 35% from the average session volume of 503,249 shares. The stock had previously closed at $12.22.

YieldMax AMZN Option Income Strategy ETF Price Performance

The firm’s 50-day simple moving average is $11.85 and its 200-day simple moving average is $12.56.

Institutional Trading of YieldMax AMZN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors acquired a new position in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) during the 2nd quarter, according to its most recent 13F filing with the 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.

About YieldMax AMZN Option Income Strategy ETF

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.