YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Short Interest Update

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,458,129 shares, an increase of 21.1% from the February 12th total of 2,030,659 shares. Based on an average daily trading volume, of 1,247,430 shares, the short-interest ratio is presently 2.0 days. Approximately 9.3% of the shares of the stock are short sold. Approximately 9.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,247,430 shares, the short-interest ratio is presently 2.0 days.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Up 1.4%

Shares of YieldMax Magnificent 7 Fund of Option Income ETF stock traded up $0.18 during mid-day trading on Monday, reaching $12.62. 1,341,825 shares of the stock were exchanged, compared to its average volume of 1,305,882. YieldMax Magnificent 7 Fund of Option Income ETF has a fifty-two week low of $12.43 and a fifty-two week high of $16.05. The firm has a 50-day simple moving average of $13.41 and a 200 day simple moving average of $14.46.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were issued a $0.0503 dividend. This represents a dividend yield of 3,555.0%. The ex-dividend date of this dividend was Wednesday, February 25th.

Hedge Funds Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Magnificent 7 Fund of Option Income ETF stock. Claris Financial LLC acquired a new position in YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,953 shares of the company’s stock, valued at approximately $725,000. Claris Financial LLC owned approximately 0.19% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About YieldMax Magnificent 7 Fund of Option Income ETF

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.