YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Short Interest Up 21.1% in February

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,458,129 shares, an increase of 21.1% from the February 12th total of 2,030,659 shares. Currently, 9.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,247,430 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 1,247,430 shares, the days-to-cover ratio is presently 2.0 days. Currently, 9.3% of the company’s shares are short sold.

YieldMax Magnificent 7 Fund of Option Income ETF Price Performance

NYSEARCA:YMAG opened at $12.67 on Wednesday. The firm has a 50 day simple moving average of $13.35 and a 200-day simple moving average of $14.43. YieldMax Magnificent 7 Fund of Option Income ETF has a 1-year low of $12.43 and a 1-year high of $16.05.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $0.0503 dividend. This represents a yield of 3,555.0%. The ex-dividend date of this dividend was Wednesday, February 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. Claris Financial LLC acquired a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,953 shares of the company’s stock, valued at approximately $725,000. Claris Financial LLC owned about 0.19% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.

About YieldMax Magnificent 7 Fund of Option Income ETF

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.