YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Short Interest Down 37.4% in June

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,411,737 shares, a drop of 37.4% from the June 15th total of 2,254,891 shares. Approximately 6.7% of the company’s shares are sold short. Based on an average daily volume of 757,837 shares, the short-interest ratio is presently 1.9 days.

YieldMax Gold Miners Option Income Strategy ETF Price Performance

Shares of GDXY stock opened at $9.42 on Friday. YieldMax Gold Miners Option Income Strategy ETF has a 12-month low of $9.27 and a 12-month high of $18.89. The firm has a fifty day moving average of $11.17 and a 200-day moving average of $14.05.

Hedge Funds Weigh In On YieldMax Gold Miners Option Income Strategy ETF

An institutional investor recently bought a new stake in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC bought a new position in shares of YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $40,000.

About YieldMax Gold Miners Option Income Strategy ETF

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.