YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Sees Large Decrease in Short Interest

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAGGet Free Report) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 2,180,417 shares, a decline of 12.8% from the January 15th total of 2,501,025 shares. Based on an average trading volume of 1,879,891 shares, the days-to-cover ratio is presently 1.2 days. Currently, 8.3% of the shares of the company are short sold. Currently, 8.3% of the shares of the company are short sold. Based on an average trading volume of 1,879,891 shares, the days-to-cover ratio is presently 1.2 days.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Performance

Shares of NYSEARCA:YMAG opened at $12.86 on Tuesday. YieldMax Magnificent 7 Fund of Option Income ETF has a 52 week low of $12.83 and a 52 week high of $18.34. The company has a 50-day moving average price of $14.00 and a 200 day moving average price of $14.81.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, February 11th were issued a $0.0503 dividend. This represents a dividend yield of 4,523.0%. The ex-dividend date of this dividend was Wednesday, February 11th.

YieldMax Magnificent 7 Fund of Option Income ETF Company Profile

(Get Free Report)

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.

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