YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Shares Up 1.5% – Here’s Why

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) shares traded up 1.5% during mid-day trading on Monday. The company traded as high as $16.39 and last traded at $16.31. Approximately 336,141 shares were traded during mid-day trading, an increase of 98% from the average session volume of 169,785 shares. The stock had previously closed at $16.07.

YieldMax TSM Option Income Strategy ETF Stock Down 1.7%

The firm has a fifty day simple moving average of $15.34 and a 200 day simple moving average of $15.96.

Hedge Funds Weigh In On YieldMax TSM Option Income Strategy ETF

An institutional investor recently raised its stake in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. raised its position in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) 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 buying an additional 11,899 shares during the period. Sunbelt Securities Inc. owned about 0.34% of YieldMax TSM Option Income Strategy ETF worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

YieldMax TSM Option Income Strategy ETF Company Profile

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.