Short Interest in YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Drops By 65.7%

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,050,000 shares, a decline of 65.7% from the August 15th total of 8,890,000 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily trading volume, of 3,952,800 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 3,952,800 shares, the short-interest ratio is presently 0.8 days. Currently, 2.8% of the company’s shares are short sold.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

A number of institutional investors have recently bought and sold shares of NVDY. Westend Capital Management LLC boosted its holdings in YieldMax NVDA Option Income Strategy ETF by 2.1% in the 2nd quarter. Westend Capital Management LLC now owns 39,305 shares of the company’s stock valued at $659,000 after purchasing an additional 800 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the 2nd quarter valued at approximately $25,000. Arkadios Wealth Advisors raised its position in shares of YieldMax NVDA Option Income Strategy ETF by 23.4% during the 1st quarter. Arkadios Wealth Advisors now owns 12,243 shares of the company’s stock valued at $188,000 after buying an additional 2,318 shares during the period. Colonial Trust Advisors acquired a new position in YieldMax NVDA Option Income Strategy ETF in the first quarter valued at approximately $120,000. Finally, Jump Financial LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF in the second quarter valued at approximately $773,000.

YieldMax NVDA Option Income Strategy ETF Price Performance

Shares of NVDY stock opened at $16.18 on Friday. The company’s 50-day moving average price is $17.04 and its 200-day moving average price is $16.31. YieldMax NVDA Option Income Strategy ETF has a twelve month low of $12.47 and a twelve month high of $26.83.

About YieldMax NVDA Option Income Strategy ETF

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys.