YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Short Interest Down 13.1% in March

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCYGet Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,106,302 shares, a decrease of 13.1% from the February 26th total of 1,273,770 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily volume of 1,330,372 shares, the days-to-cover ratio is presently 0.8 days.

YieldMax SMCI Option Income Strategy ETF Stock Performance

NYSEARCA SMCY opened at $5.47 on Thursday. The company’s fifty day moving average is $7.40 and its two-hundred day moving average is $10.23. YieldMax SMCI Option Income Strategy ETF has a 52-week low of $4.80 and a 52-week high of $23.79.

YieldMax SMCI Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.0728 dividend. This represents a dividend yield of 8,458.0%. The ex-dividend date was Thursday, February 26th.

Hedge Funds Weigh In On YieldMax SMCI Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax SMCI Option Income Strategy ETF stock. FNY Investment Advisers LLC raised its position in YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCYFree Report) by 278.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,300 shares of the company’s stock after acquiring an additional 3,900 shares during the period. FNY Investment Advisers LLC’s holdings in YieldMax SMCI Option Income Strategy ETF were worth $42,000 as of its most recent SEC filing.

YieldMax SMCI Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.

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