YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Large Increase in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 186,879 shares, a growth of 131.3% from the July 30th total of 80,801 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 275,428 shares, the days-to-cover ratio is presently 0.7 days.

YieldMax AMZN Option Income Strategy ETF Price Performance

NYSEARCA AMZY traded up $0.28 on Friday, reaching $10.90. The company had a trading volume of 322,438 shares, compared to its average volume of 440,272. YieldMax AMZN Option Income Strategy ETF has a 1-year low of $9.94 and a 1-year high of $15.65. The company’s fifty day moving average is $10.84 and its 200-day moving average is $11.36.

Institutional Trading of 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 acquired a new position in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 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 filing with the Securities & Exchange Commission.

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.