Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Declines By 53.8%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 86,366 shares, a decline of 53.8% from the August 15th total of 186,879 shares. Based on an average daily volume of 323,190 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On YieldMax AMZN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors purchased a new stake in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned approximately 0.09% of YieldMax AMZN Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax AMZN Option Income Strategy ETF Stock Performance

Shares of AMZY opened at $10.54 on Monday. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $11.31. YieldMax AMZN Option Income Strategy ETF has a 52 week low of $9.94 and a 52 week high of $15.52.

YieldMax AMZN Option Income Strategy ETF Company Profile

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.