YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Sees Significant Growth in Short Interest

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 822,487 shares, a growth of 195.3% from the December 31st total of 278,546 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily volume of 674,454 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 674,454 shares, the short-interest ratio is presently 1.2 days. Approximately 4.1% of the shares of the company are sold short.

YieldMax AMZN Option Income Strategy ETF Trading Down 0.4%

YieldMax AMZN Option Income Strategy ETF stock opened at $13.32 on Thursday. The business’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $14.44. YieldMax AMZN Option Income Strategy ETF has a 12 month low of $12.70 and a 12 month high of $20.08.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be given a $0.0655 dividend. The ex-dividend date is Thursday, January 29th. This represents a dividend yield of 2,426.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMZY. Westend Capital Management LLC lifted its stake in YieldMax AMZN Option Income Strategy ETF by 234.2% in the 3rd quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after purchasing an additional 10,380 shares in the last quarter. Meadowbrook Wealth Management LLC purchased a new position in shares of YieldMax AMZN Option Income Strategy ETF during the 3rd quarter valued at $246,000. Finally, Captrust Financial Advisors bought a new position in shares of YieldMax AMZN Option Income Strategy ETF in the second quarter worth $253,000.

About YieldMax AMZN Option Income Strategy ETF

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.