YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Trading Up 1.3% – Still a Buy?

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY)’s stock price was up 1.3% during mid-day trading on Wednesday . The company traded as high as $14.67 and last traded at $14.61. Approximately 258,045 shares changed hands during trading, a decline of 14% from the average daily volume of 301,616 shares. The stock had previously closed at $14.42.

YieldMax AMZN Option Income Strategy ETF Price Performance

The stock’s 50-day simple moving average is $15.11 and its two-hundred day simple moving average is $15.56.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMZY. Westend Capital Management LLC bought a new position in YieldMax AMZN Option Income Strategy ETF in the 1st quarter worth $69,000. Captrust Financial Advisors bought a new position in shares of YieldMax AMZN Option Income Strategy ETF in the second quarter worth about $253,000. Finally, OLD Mission Capital LLC boosted its stake in shares of YieldMax AMZN Option Income Strategy ETF by 114.1% in the first quarter. OLD Mission Capital LLC now owns 47,080 shares of the company’s stock worth $755,000 after acquiring an additional 25,086 shares during the period.

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.