Short Interest in YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Drops By 13.1%

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 1,106,302 shares, a decline of 13.1% from the February 26th total of 1,273,770 shares. Approximately 5.6% of the company’s stock are short sold. Based on an average trading volume of 1,330,372 shares, the short-interest ratio is currently 0.8 days.

YieldMax SMCI Option Income Strategy ETF Stock Performance

NYSEARCA SMCY opened at $5.17 on Tuesday. YieldMax SMCI Option Income Strategy ETF has a fifty-two week low of $4.80 and a fifty-two week high of $23.79. The business has a 50 day moving average price of $7.51 and a two-hundred day moving average price of $10.34.

YieldMax SMCI Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a $0.0728 dividend. The ex-dividend date was Thursday, February 26th. This represents a dividend yield of 8,458.0%.

Institutional Investors Weigh In On YieldMax SMCI Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax SMCI Option Income Strategy ETF stock. FNY Investment Advisers LLC increased its position in shares of YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) by 278.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,300 shares of the company’s stock after buying an additional 3,900 shares during the period. FNY Investment Advisers LLC’s holdings in YieldMax SMCI Option Income Strategy ETF were worth $42,000 at the end of the most recent reporting period.

About YieldMax SMCI Option Income Strategy ETF

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.