YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Drop in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 421,475 shares, a drop of 37.7% from the May 14th total of 677,004 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 492,262 shares, the short-interest ratio is presently 0.9 days.

YieldMax AMZN Option Income Strategy ETF Price Performance

Shares of NYSEARCA AMZY opened at $10.83 on Monday. YieldMax AMZN Option Income Strategy ETF has a 1 year low of $10.61 and a 1 year high of $16.70. The firm has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $12.27.

Institutional Trading of YieldMax AMZN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors acquired a new position in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned about 0.09% of YieldMax AMZN Option Income Strategy ETF at the end of the most recent reporting period.

About YieldMax AMZN Option Income Strategy ETF

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.