YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 640,927 shares, a decrease of 42.4% from the August 15th total of 1,112,752 shares. Based on an average daily trading volume, of 1,156,933 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.5% of the company’s shares are sold short.
YieldMax Magnificent 7 Fund of Option Income ETF Price Performance
Shares of YMAG traded down $0.11 during trading on Wednesday, reaching $11.08. 521,918 shares of the company traded hands, compared to its average volume of 1,172,903. The stock has a 50-day simple moving average of $11.34 and a 200-day simple moving average of $12.01. YieldMax Magnificent 7 Fund of Option Income ETF has a twelve month low of $10.73 and a twelve month high of $16.01.
Institutional Trading of YieldMax Magnificent 7 Fund of Option Income ETF
An institutional investor recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. Claris Financial LLC bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,953 shares of the company’s stock, valued at approximately $725,000. Claris Financial LLC owned 0.19% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.
YieldMax Magnificent 7 Fund of Option Income ETF Company Profile
The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.
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