YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 35.0% in June

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 232,793 shares, a drop of 35.0% from the May 31st total of 358,028 shares. Based on an average daily trading volume, of 184,141 shares, the short-interest ratio is currently 1.3 days. Approximately 2.3% of the shares of the stock are short sold.

YieldMax PLTR Option Income Strategy ETF Stock Performance

Shares of NYSEARCA PLTY opened at $30.49 on Friday. The stock’s 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $39.80. YieldMax PLTR Option Income Strategy ETF has a twelve month low of $26.06 and a twelve month high of $78.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLTY. FNY Investment Advisers LLC bought a new position in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter worth approximately $123,000. Private Wealth Asset Management LLC bought a new stake in YieldMax PLTR Option Income Strategy ETF during the fourth quarter valued at approximately $262,000. Finally, Sunbelt Securities Inc. lifted its position in YieldMax PLTR Option Income Strategy ETF by 5.4% during the first quarter. Sunbelt Securities Inc. now owns 18,454 shares of the company’s stock valued at $712,000 after purchasing an additional 939 shares during the last quarter.

YieldMax PLTR Option Income Strategy ETF Company Profile

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.