YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Sees Significant Growth in Short Interest

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,247,081 shares, a growth of 146.7% from the August 31st total of 910,900 shares. Based on an average trading volume of 1,716,708 shares, the days-to-cover ratio is presently 1.3 days. Currently, 8.4% of the company’s stock are short sold.

YieldMax SMCI Option Income Strategy ETF Trading Up 1.7%

Shares of NYSEARCA SMCY traded up $0.09 during trading on Friday, reaching $5.53. The company had a trading volume of 1,394,604 shares, compared to its average volume of 1,271,434. YieldMax SMCI Option Income Strategy ETF has a 12-month low of $3.99 and a 12-month high of $17.73. The business’s 50-day moving average is $5.11 and its 200 day moving average is $5.67.

YieldMax SMCI Option Income Strategy ETF Company Profile

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.