YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Short Interest Update

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 761,825 shares, an increase of 18.8% from the February 26th total of 641,497 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 387,016 shares, the days-to-cover ratio is currently 2.0 days.

YieldMax AMZN Option Income Strategy ETF Stock Up 2.6%

AMZY stock opened at $11.02 on Wednesday. The business has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $13.13. YieldMax AMZN Option Income Strategy ETF has a 52 week low of $10.61 and a 52 week high of $16.70.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.0655 dividend. This represents a yield of 4,291.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Trading of YieldMax AMZN Option Income Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Meadowbrook Wealth Management LLC acquired a new stake in shares of YieldMax AMZN Option Income Strategy ETF during the 3rd quarter worth approximately $246,000. Captrust Financial Advisors acquired a new position in YieldMax AMZN Option Income Strategy ETF during the second quarter valued at approximately $253,000. Finally, Westend Capital Management LLC raised its position in YieldMax AMZN Option Income Strategy ETF by 234.2% during the third quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock valued at $211,000 after purchasing an additional 10,380 shares in the last quarter.

YieldMax AMZN Option Income Strategy ETF Company Profile

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.