YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Stock Short Interest Declines 85.1%

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 8,866 shares, a decline of 85.1% from the October 15th total of 59,427 shares. Based on an average daily trading volume, of 91,834 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

YieldMax TSM Option Income Strategy ETF Stock Performance

TSMY stock traded down $0.15 during midday trading on Friday, hitting $13.32. 37,025 shares of the stock were exchanged, compared to its average volume of 162,969. The stock has a market cap of $93.64 million, a price-to-earnings ratio of 34.69 and a beta of 1.02. YieldMax TSM Option Income Strategy ETF has a fifty-two week low of $11.85 and a fifty-two week high of $18.02. The stock’s 50-day moving average price is $14.76 and its 200-day moving average price is $15.80.

Institutional Inflows and Outflows

An institutional investor recently raised its position in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. increased its position in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) by 131.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,978 shares of the company’s stock after purchasing an additional 11,899 shares during the quarter. Sunbelt Securities Inc. owned 0.34% of YieldMax TSM Option Income Strategy ETF worth $320,000 at the end of the most recent reporting period.

YieldMax TSM Option Income Strategy ETF Company Profile

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.