YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Short Interest Update

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 5,799,613 shares, an increase of 95.6% from the August 15th total of 2,965,200 shares. Based on an average daily volume of 2,092,978 shares, the short-interest ratio is presently 2.8 days. Currently, 5.1% of the company’s stock are sold short.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

A hedge fund recently raised its position in YieldMax NVDA Option Income Strategy ETF stock. Sunbelt Securities Inc. grew its holdings in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,000 shares of the company’s stock after buying an additional 4,538 shares during the quarter. Sunbelt Securities Inc. owned 0.24% of YieldMax NVDA Option Income Strategy ETF worth $3,206,000 as of its most recent SEC filing.

YieldMax NVDA Option Income Strategy ETF Trading Up 0.5%

Shares of NYSEARCA NVDY traded up $0.06 during midday trading on Tuesday, reaching $12.07. The company had a trading volume of 912,110 shares, compared to its average volume of 3,925,306. YieldMax NVDA Option Income Strategy ETF has a 1 year low of $11.57 and a 1 year high of $17.57. The business’s 50-day simple moving average is $12.57 and its 200 day simple moving average is $13.14.

YieldMax NVDA Option Income Strategy ETF Company Profile

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.