YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Short Interest Down 89.8% in December

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,213,896 shares, a drop of 89.8% from the November 30th total of 11,895,466 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average daily volume of 860,361 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 860,361 shares, the short-interest ratio is presently 1.4 days. Approximately 6.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CONY. ORG Partners LLC bought a new stake in YieldMax COIN Option Income Strategy ETF during the third quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in shares of YieldMax COIN Option Income Strategy ETF during the 2nd quarter valued at $37,000. Arkadios Wealth Advisors bought a new stake in shares of YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth $91,000. OLD Mission Capital LLC bought a new stake in shares of YieldMax COIN Option Income Strategy ETF in the 1st quarter worth $148,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at $202,000.

YieldMax COIN Option Income Strategy ETF Stock Performance

CONY stock traded down $0.91 during trading on Friday, hitting $40.92. The company had a trading volume of 664,698 shares, compared to its average volume of 1,141,471. The business has a 50 day moving average of $51.27 and a 200 day moving average of $69.39. YieldMax COIN Option Income Strategy ETF has a fifty-two week low of $40.30 and a fifty-two week high of $145.40.

YieldMax COIN Option Income Strategy ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be paid a $0.932 dividend. This represents a dividend yield of 6,278.0%. The ex-dividend date of this dividend is Friday, December 26th.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.