YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Trading 1.3% Higher – Should You Buy?

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) shares traded up 1.3% on Friday . The company traded as high as $13.26 and last traded at $13.17. 683,360 shares were traded during trading, an increase of 76% from the average session volume of 389,080 shares. The stock had previously closed at $13.00.

YieldMax AMZN Option Income Strategy ETF Trading Up 1.3%

The firm’s 50-day simple moving average is $14.41 and its 200 day simple moving average is $15.30.

YieldMax AMZN Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 13th were paid a $0.255 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a yield of 3,905.0%.

Hedge Funds Weigh In On YieldMax AMZN Option Income Strategy ETF

Several institutional investors have recently modified their holdings of AMZY. OLD Mission Capital LLC raised its position in shares of YieldMax AMZN Option Income Strategy ETF by 114.1% in the 1st quarter. OLD Mission Capital LLC now owns 47,080 shares of the company’s stock valued at $755,000 after acquiring an additional 25,086 shares during the period. Meadowbrook Wealth Management LLC bought a new stake in YieldMax AMZN Option Income Strategy ETF in the third quarter valued at approximately $246,000. Captrust Financial Advisors acquired a new stake in YieldMax AMZN Option Income Strategy ETF in the second quarter worth $253,000. Finally, Westend Capital Management LLC boosted its position in shares of 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 worth $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.