YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Drop in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 44,406 shares, a decrease of 56.0% from the June 15th total of 100,882 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 434,076 shares, the days-to-cover ratio is currently 0.1 days.

YieldMax AMZN Option Income Strategy ETF Stock Performance

Shares of AMZY stock traded down $0.12 during trading hours on Thursday, hitting $10.94. 142,121 shares of the company were exchanged, compared to its average volume of 473,119. YieldMax AMZN Option Income Strategy ETF has a one year low of $10.24 and a one year high of $16.70. The business’s 50-day simple moving average is $11.38 and its two-hundred day simple moving average is $11.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors purchased a new stake in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) in the second quarter, according to its most recent filing with the SEC. The fund purchased 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned about 0.09% of YieldMax AMZN Option Income Strategy ETF at the end of the most recent quarter.

About YieldMax AMZN Option Income Strategy ETF

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.