YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Sees Large Growth in Short Interest

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 208,411 shares, a growth of 807.4% from the February 12th total of 22,968 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average daily trading volume, of 389,455 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 389,455 shares, the days-to-cover ratio is presently 0.5 days. Approximately 5.1% of the company’s stock are short sold.

Institutional Investors Weigh In On YieldMax TSM Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. grew its position in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) by 188.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,079 shares of the company’s stock after buying an additional 5,929 shares during the quarter. Sunbelt Securities Inc. owned 0.22% of YieldMax TSM Option Income Strategy ETF worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

YieldMax TSM Option Income Strategy ETF Price Performance

TSMY traded up $0.04 during mid-day trading on Tuesday, reaching $15.79. 104,914 shares of the stock were exchanged, compared to its average volume of 177,772. YieldMax TSM Option Income Strategy ETF has a 1 year low of $12.10 and a 1 year high of $17.96. The company has a 50 day moving average price of $16.46 and a two-hundred day moving average price of $16.17.

YieldMax TSM Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a dividend of $0.1104 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 5,158.0%.

YieldMax TSM Option Income Strategy ETF Company Profile

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.