YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Sees Significant Decrease in Short Interest

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 86,223 shares, a decline of 58.6% from the February 26th total of 208,411 shares. Based on an average daily volume of 127,782 shares, the days-to-cover ratio is presently 0.7 days. Approximately 2.1% of the company’s stock are sold short.

Institutional Trading of YieldMax TSM Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. lifted its stake in YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) by 188.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,079 shares of the company’s stock after acquiring an additional 5,929 shares during the period. Sunbelt Securities Inc. owned 0.22% of YieldMax TSM Option Income Strategy ETF worth $141,000 at the end of the most recent quarter.

YieldMax TSM Option Income Strategy ETF Stock Up 1.2%

Shares of TSMY opened at $15.70 on Thursday. The company has a 50 day moving average price of $16.31 and a 200-day moving average price of $16.18. YieldMax TSM Option Income Strategy ETF has a fifty-two week low of $12.10 and a fifty-two week high of $17.96.

YieldMax TSM Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.1104 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 5,158.0%.

YieldMax TSM Option Income Strategy ETF Company Profile

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.