YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Short Interest Down 14.7% in January

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 6,397,011 shares, a decline of 14.7% from the January 15th total of 7,501,002 shares. Approximately 10.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,454,320 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 2,454,320 shares, the days-to-cover ratio is currently 2.6 days. Approximately 10.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC purchased a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,930 shares of the company’s stock, valued at approximately $164,000.

YieldMax Universe Fund of Option Income ETF Trading Down 0.4%

Shares of YMAX opened at $8.44 on Thursday. YieldMax Universe Fund of Option Income ETF has a 52 week low of $8.31 and a 52 week high of $17.04. The stock has a fifty day moving average of $9.74 and a 200-day moving average of $11.33.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 19th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.088 per share. This represents a dividend yield of 4,793.0%. The ex-dividend date is Wednesday, February 18th.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.