Short Interest in YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Drops By 45.6%

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 77,589 shares, a decrease of 45.6% from the May 31st total of 142,733 shares. Based on an average daily volume of 91,018 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.2% of the company’s shares are sold short.

YieldMax SNOW Option Income Strategy ETF Price Performance

YieldMax SNOW Option Income Strategy ETF stock traded up $0.20 during midday trading on Wednesday, hitting $10.64. 147,794 shares of the stock were exchanged, compared to its average volume of 99,788. YieldMax SNOW Option Income Strategy ETF has a fifty-two week low of $6.17 and a fifty-two week high of $17.39. The stock’s 50-day simple moving average is $8.83 and its 200 day simple moving average is $9.54.

YieldMax SNOW Option Income Strategy ETF Company Profile

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.