YieldMax GOOGL Option Income Strategy ETF (NYSEARCA:GOOY) Sees Large Drop in Short Interest

YieldMax GOOGL Option Income Strategy ETF (NYSEARCA:GOOY) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 234,693 shares, a decrease of 32.5% from the February 12th total of 347,600 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 489,255 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 489,255 shares, the short-interest ratio is currently 0.5 days. Approximately 1.4% of the company’s shares are sold short.

YieldMax GOOGL Option Income Strategy ETF Stock Performance

YieldMax GOOGL Option Income Strategy ETF stock traded down $0.04 during midday trading on Friday, reaching $13.43. The stock had a trading volume of 226,327 shares, compared to its average volume of 469,255. YieldMax GOOGL Option Income Strategy ETF has a twelve month low of $10.89 and a twelve month high of $15.96. The stock has a market capitalization of $219.98 million, a PE ratio of 23.63 and a beta of 0.37. The stock’s 50-day simple moving average is $14.36 and its 200 day simple moving average is $14.37.

YieldMax GOOGL Option Income Strategy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a $0.0981 dividend. This is a positive change from YieldMax GOOGL Option Income Strategy ETF’s previous dividend of $0.08. The ex-dividend date was Thursday, February 26th. This represents a dividend yield of 3,978.0%.

About YieldMax GOOGL Option Income Strategy ETF

The YieldMax GOOGL Option Income Strategy ETF (GOOY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Alphabet Inc stock (GOOGL) through a synthetic covered call strategy, collateralized by cash and US Treasurys GOOY was launched on Jul 27, 2023 and is issued by YieldMax.