YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Sees Large Drop in Short Interest

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 232,793 shares, a drop of 35.0% from the May 31st total of 358,028 shares. Based on an average trading volume of 184,141 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.3% of the company’s stock are sold short.

YieldMax PLTR Option Income Strategy ETF Trading Up 5.8%

Shares of PLTY opened at $30.01 on Thursday. YieldMax PLTR Option Income Strategy ETF has a fifty-two week low of $26.06 and a fifty-two week high of $78.84. The business’s 50-day moving average is $33.31 and its 200-day moving average is $40.04.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PLTY. Sunbelt Securities Inc. lifted its position in YieldMax PLTR Option Income Strategy ETF by 5.4% in the 1st quarter. Sunbelt Securities Inc. now owns 18,454 shares of the company’s stock worth $712,000 after buying an additional 939 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of YieldMax PLTR Option Income Strategy ETF during the 4th quarter valued at $123,000. Finally, Private Wealth Asset Management LLC purchased a new position in shares of YieldMax PLTR Option Income Strategy ETF during the 4th quarter valued at $262,000.

About YieldMax PLTR Option Income Strategy ETF

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.