YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Sees Significant Drop in Short Interest

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 198,042 shares, a drop of 38.6% from the September 30th total of 322,307 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 798,700 shares, the days-to-cover ratio is presently 0.2 days.

YieldMax Gold Miners Option Income Strategy ETF Trading Down 5.2%

Shares of GDXY opened at $8.67 on Friday. YieldMax Gold Miners Option Income Strategy ETF has a 52-week low of $8.53 and a 52-week high of $18.89. The business’s fifty day moving average is $10.45 and its 200-day moving average is $12.60.

Institutional Trading of YieldMax Gold Miners Option Income Strategy ETF

A hedge fund recently bought a new position in YieldMax Gold Miners Option Income Strategy ETF stock. Legacy Wealth Management LLC MS bought a new position in shares of YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,980 shares of the company’s stock, valued at approximately $383,000. Legacy Wealth Management LLC MS owned approximately 0.13% of YieldMax Gold Miners Option Income Strategy ETF at the end of the most recent quarter.

YieldMax Gold Miners Option Income Strategy ETF Company Profile

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.