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

YieldMax GOOGL Option Income Strategy ETF (NYSEARCA:GOOY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 136,425 shares, a drop of 59.6% from the August 15th total of 337,539 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 234,028 shares, the days-to-cover ratio is currently 0.6 days.

YieldMax GOOGL Option Income Strategy ETF Trading Up 2.5%

GOOY stock traded up $0.30 during trading on Monday, hitting $12.26. 333,953 shares of the stock traded hands, compared to its average volume of 459,198. The stock has a market cap of $231.96 million, a price-to-earnings ratio of 23.63 and a beta of 0.87. YieldMax GOOGL Option Income Strategy ETF has a one year low of $11.64 and a one year high of $15.96. The company has a 50 day simple moving average of $12.50 and a 200 day simple moving average of $13.41.

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.