YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Sees Large Decline in Short Interest

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 262,610 shares, a drop of 81.3% from the August 15th total of 1,406,657 shares. Based on an average trading volume of 1,088,353 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are short sold.

YieldMax Gold Miners Option Income Strategy ETF Price Performance

GDXY stock traded up $0.16 during trading on Friday, hitting $11.13. 187,754 shares of the company’s stock were exchanged, compared to its average volume of 847,615. The business has a 50-day moving average price of $10.63 and a two-hundred day moving average price of $12.37. YieldMax Gold Miners Option Income Strategy ETF has a 52-week low of $9.27 and a 52-week high of $18.89.

Institutional Trading of YieldMax Gold Miners Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC bought a new stake in YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) during the second quarter, according to its most recent disclosure with the SEC. The firm 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.