Short Interest in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Drops By 59.1%

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,555,713 shares, a drop of 59.1% from the May 31st total of 3,800,576 shares. Approximately 5.7% of the company’s shares are short sold. Based on an average daily volume of 626,817 shares, the short-interest ratio is currently 2.5 days.

YieldMax Ultra Option Income Strategy ETF Trading Up 1.2%

ULTY traded up $0.36 during mid-day trading on Monday, hitting $29.30. 453,214 shares of the stock were exchanged, compared to its average volume of 701,963. The firm’s fifty day moving average is $31.08 and its two-hundred day moving average is $33.70. YieldMax Ultra Option Income Strategy ETF has a 1-year low of $28.61 and a 1-year high of $64.60. The company has a market cap of $797.84 million, a PE ratio of 40.09 and a beta of 1.43.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Ultra Option Income Strategy ETF stock. Arax Advisory Partners acquired a new stake in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 700 shares of the company’s stock, valued at approximately $26,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.