YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Short Interest Update

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,528,190 shares, a drop of 14.9% from the February 26th total of 6,497,482 shares. Currently, 9.4% of the shares of the stock are sold short. Based on an average trading volume of 1,928,956 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

An institutional investor recently raised its position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC increased its position in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,928 shares of the company’s stock after buying an additional 19,308 shares during the quarter. YieldMax Universe Fund of Option Income ETF accounts for 0.8% of Winnow Wealth LLC’s portfolio, making the stock its 17th largest position. Winnow Wealth LLC owned about 0.19% of YieldMax Universe Fund of Option Income ETF worth $1,109,000 at the end of the most recent quarter.

YieldMax Universe Fund of Option Income ETF Price Performance

Shares of NYSEARCA YMAX opened at $7.83 on Wednesday. The business has a 50-day moving average of $8.64 and a 200-day moving average of $10.39. YieldMax Universe Fund of Option Income ETF has a 12 month low of $7.47 and a 12 month high of $14.14.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $0.088 dividend. This represents a yield of 4,317.0%. The ex-dividend date of this dividend was Wednesday, February 25th.

YieldMax Universe Fund of Option Income ETF Company Profile

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.