YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) Sees Significant Growth in Short Interest

YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,218,577 shares, an increase of 87.6% from the May 31st total of 649,548 shares. Currently, 13.6% of the company’s stock are short sold. Based on an average trading volume of 971,880 shares, the days-to-cover ratio is currently 1.3 days.

YieldMax Semiconductor Portfolio Option Income ETF Stock Down 6.0%

CHPY stock traded down $5.29 during midday trading on Wednesday, reaching $82.85. 822,267 shares of the company’s stock traded hands, compared to its average volume of 526,225. The firm’s fifty day moving average price is $78.11 and its 200-day moving average price is $65.39. YieldMax Semiconductor Portfolio Option Income ETF has a 52 week low of $50.85 and a 52 week high of $89.86. The company has a market cap of $743.99 million, a price-to-earnings ratio of 32.25 and a beta of 2.17.

Institutional Investors Weigh In On YieldMax Semiconductor Portfolio Option Income ETF

An institutional investor recently bought a new position in YieldMax Semiconductor Portfolio Option Income ETF stock. Sunbelt Securities Inc. bought a new stake in shares of YieldMax Semiconductor Portfolio Option Income ETF (NYSEARCA:CHPY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 900 shares of the company’s stock, valued at approximately $50,000.

About YieldMax Semiconductor Portfolio Option Income ETF

CHPY is an actively managed ETF that seeks current income and capital appreciation by investing directly in a select portfolio of 15-30 semiconductor companies. It aims to generate income through an options portfolio on semiconductor companies and/or semiconductor ETFs.