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

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

YieldMax Gold Miners Option Income Strategy ETF Stock Up 0.4%

Shares of NYSEARCA:GDXY traded up $0.04 on Friday, hitting $9.52. The company had a trading volume of 256,386 shares, compared to its average volume of 878,179. YieldMax Gold Miners Option Income Strategy ETF has a 52-week low of $9.27 and a 52-week high of $18.89. The business has a 50 day moving average of $11.25 and a 200 day moving average of $14.09.

Institutional Inflows and Outflows

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

YieldMax Gold Miners Option Income Strategy ETF Company Profile

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.