YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 358,028 shares, a decrease of 56.7% from the May 14th total of 826,204 shares. Based on an average trading volume of 264,897 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.6% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of PLTY. Sunbelt Securities Inc. boosted its stake in shares of YieldMax PLTR Option Income Strategy ETF by 10,029.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock valued at $886,000 after purchasing an additional 13,439 shares during the last quarter. Private Wealth Asset Management LLC bought a new position in shares of YieldMax PLTR Option Income Strategy ETF in the 4th quarter valued at about $262,000. Finally, FNY Investment Advisers LLC bought a new position in shares of YieldMax PLTR Option Income Strategy ETF in the 4th quarter valued at about $123,000.
YieldMax PLTR Option Income Strategy ETF Stock Down 2.3%
NYSEARCA:PLTY traded down $0.72 during mid-day trading on Friday, reaching $31.26. 212,808 shares of the company were exchanged, compared to its average volume of 255,534. YieldMax PLTR Option Income Strategy ETF has a 12 month low of $31.00 and a 12 month high of $78.84. The company has a fifty day moving average of $35.14 and a 200 day moving average of $42.29.
About YieldMax PLTR Option Income Strategy ETF
The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.
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