YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Short Interest Down 35.0% in June

by · The Markets Daily

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 232,793 shares, a drop of 35.0% from the May 31st total of 358,028 shares. Based on an average daily trading volume, of 184,141 shares, the short-interest ratio is currently 1.3 days. Approximately 2.3% of the shares of the stock are short sold.

YieldMax PLTR Option Income Strategy ETF Stock Performance

Shares of NYSEARCA PLTY opened at $30.49 on Friday. The stock’s 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $39.80. YieldMax PLTR Option Income Strategy ETF has a twelve month low of $26.06 and a twelve month high of $78.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLTY. FNY Investment Advisers LLC bought a new position in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter worth approximately $123,000. Private Wealth Asset Management LLC bought a new stake in YieldMax PLTR Option Income Strategy ETF during the fourth quarter valued at approximately $262,000. Finally, Sunbelt Securities Inc. lifted its position in YieldMax PLTR Option Income Strategy ETF by 5.4% during the first quarter. Sunbelt Securities Inc. now owns 18,454 shares of the company’s stock valued at $712,000 after purchasing an additional 939 shares during the last quarter.

YieldMax PLTR Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.

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