YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Shares Up 0.4% – Here’s Why

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY)’s stock price shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $12.53 and last traded at $12.36. 589,062 shares traded hands during trading, an increase of 19% from the average session volume of 495,554 shares. The stock had previously closed at $12.31.

YieldMax AMZN Option Income Strategy ETF Stock Performance

The stock has a 50-day moving average of $11.38 and a 200-day moving average of $12.82.

Institutional Investors Weigh In On YieldMax AMZN Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax AMZN Option Income Strategy ETF stock. Westend Capital Management LLC increased its stake in shares of YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) by 234.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,813 shares of the company’s stock after buying an additional 10,380 shares during the quarter. Westend Capital Management LLC owned about 0.07% of YieldMax AMZN Option Income Strategy ETF worth $211,000 at the end of the most recent reporting period.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.