YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) Stock Short Interest Declines 76.8%

YieldMax Short N100 Option Income Strategy ETF (NASDAQ:YQQQ) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 3,922 shares, a drop of 76.8% from the September 15th total of 16,919 shares. Based on an average daily volume of 60,311 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

YieldMax Short N100 Option Income Strategy ETF Price Performance

NASDAQ YQQQ opened at $9.30 on Friday. YieldMax Short N100 Option Income Strategy ETF has a twelve month low of $9.16 and a twelve month high of $13.18. The company’s 50-day simple moving average is $9.63 and its 200 day simple moving average is $10.33.

YieldMax Short N100 Option Income Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were issued a $0.0338 dividend. This represents a dividend yield of 1,886.0%. The ex-dividend date of this dividend was Thursday, October 8th. This is a decrease from YieldMax Short N100 Option Income Strategy ETF’s previous dividend of $0.0373.

YieldMax Short N100 Option Income Strategy ETF Company Profile

The YieldMax Short N100 Option Income Strategy ETF (YQQQ) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide current income and inverse exposure to the NASDAQ 100 Index, with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral YQQQ was launched on Aug 14, 2024 and is issued by YieldMax.