YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Sees Significant Decline in Short Interest

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 911,180 shares, a decline of 20.4% from the February 12th total of 1,144,883 shares. Approximately 6.0% of the company’s shares are sold short. Based on an average daily trading volume, of 426,670 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 426,670 shares, the short-interest ratio is currently 2.1 days. Approximately 6.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CONY. ORG Partners LLC purchased a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth $26,000. Arkadios Wealth Advisors purchased a new stake in YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at $91,000. J.Safra Asset Management Corp bought a new stake in YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth $202,000. Captrust Financial Advisors grew its holdings in YieldMax COIN Option Income Strategy ETF by 63.6% in the 2nd quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock worth $327,000 after acquiring an additional 13,949 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of YieldMax COIN Option Income Strategy ETF by 1,592.2% in the third quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock valued at $933,000 after acquiring an additional 127,681 shares during the period.

YieldMax COIN Option Income Strategy ETF Trading Up 1.2%

CONY stock traded up $0.35 during trading on Friday, hitting $29.89. 249,383 shares of the company traded hands, compared to its average volume of 525,108. The company has a 50-day moving average of $32.55 and a 200-day moving average of $49.27. YieldMax COIN Option Income Strategy ETF has a 1 year low of $23.43 and a 1 year high of $107.00.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.4091 per share. This represents a dividend yield of 5,778.0%. The ex-dividend date of this dividend was Thursday, February 26th.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.