YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 56.7% in May

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 358,028 shares, a decrease of 56.7% from the May 14th total of 826,204 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 264,897 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On YieldMax PLTR Option Income Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its holdings in shares of YieldMax PLTR Option Income Strategy ETF by 10,029.1% during the third quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock valued at $886,000 after acquiring an additional 13,439 shares during the period. Private Wealth Asset Management LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the 4th quarter worth about $262,000. Finally, FNY Investment Advisers LLC bought a new stake in YieldMax PLTR Option Income Strategy ETF in the 4th quarter valued at about $123,000.

YieldMax PLTR Option Income Strategy ETF Price Performance

Shares of NYSEARCA PLTY opened at $31.98 on Friday. YieldMax PLTR Option Income Strategy ETF has a 12-month low of $31.19 and a 12-month high of $78.84. The stock’s 50 day simple moving average is $35.29 and its 200 day simple moving average is $42.44.

YieldMax PLTR Option Income Strategy ETF Company Profile

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.