YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 50,150 shares, a growth of 65.7% from the May 14th total of 30,265 shares. Based on an average daily volume of 139,125 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are short sold.
YieldMax TSM Option Income Strategy ETF Stock Performance
TSMY stock traded up $0.24 during midday trading on Wednesday, reaching $16.91. The stock had a trading volume of 12,635 shares, compared to its average volume of 175,035. The firm has a fifty day simple moving average of $16.54 and a two-hundred day simple moving average of $16.16. YieldMax TSM Option Income Strategy ETF has a 52-week low of $14.30 and a 52-week high of $17.96.
Hedge Funds Weigh In On YieldMax TSM Option Income Strategy ETF
A hedge fund recently raised its stake in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. boosted its stake in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY – Free Report) by 131.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,978 shares of the company’s stock after acquiring an additional 11,899 shares during the quarter. Sunbelt Securities Inc. owned 0.34% of YieldMax TSM Option Income Strategy ETF worth $320,000 at the end of the most recent reporting period.
About YieldMax TSM Option Income Strategy ETF
The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.
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