Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Rises By 120.5%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 80,801 shares, a growth of 120.5% from the July 15th total of 36,647 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 295,623 shares, the days-to-cover ratio is currently 0.3 days.

YieldMax AMZN Option Income Strategy ETF Stock Down 0.7%

Shares of NYSEARCA:AMZY traded down $0.08 during trading on Friday, reaching $10.96. The stock had a trading volume of 290,618 shares, compared to its average volume of 448,777. YieldMax AMZN Option Income Strategy ETF has a one year low of $9.94 and a one year high of $15.85. The firm’s 50-day simple moving average is $10.87 and its 200 day simple moving average is $11.50.

Institutional Investors Weigh In On YieldMax AMZN Option Income Strategy ETF

A hedge fund recently bought a new position in YieldMax AMZN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new stake in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,569 shares of the company’s stock, valued at approximately $253,000. Captrust Financial Advisors owned approximately 0.09% of YieldMax AMZN Option Income Strategy ETF as of its most recent SEC filing.

About YieldMax AMZN Option Income Strategy ETF

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.