YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Short Interest Update

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 205,952 shares, an increase of 61.8% from the December 15th total of 127,251 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 108,497 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 108,497 shares, the short-interest ratio is presently 1.9 days. Currently, 4.8% of the company’s shares are sold short.

Hedge Funds Weigh In On YieldMax SNOW Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax SNOW Option Income Strategy ETF stock. Westend Capital Management LLC grew its stake in shares of YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) by 50.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,609 shares of the company’s stock after buying an additional 2,538 shares during the period. Westend Capital Management LLC owned approximately 0.11% of YieldMax SNOW Option Income Strategy ETF worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

YieldMax SNOW Option Income Strategy ETF Stock Up 0.2%

Shares of SNOY stock opened at $11.26 on Friday. The firm’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $14.77. YieldMax SNOW Option Income Strategy ETF has a 52-week low of $11.08 and a 52-week high of $20.67.

YieldMax SNOW Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 16th. Stockholders of record on Thursday, January 15th will be given a $0.0868 dividend. This represents a dividend yield of 3,113.0%. The ex-dividend date is Thursday, January 15th.

About YieldMax SNOW Option Income Strategy ETF

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.