YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Shares Up 0% – Still a Buy?

Shares of YieldMax Bitcoin Option Income ETF (NYSEARCA:YBITGet Free Report) shot up 0% during trading on Wednesday . The stock traded as high as $32.75 and last traded at $32.54. 13,672 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 23,559 shares. The stock had previously closed at $32.53.

YieldMax Bitcoin Option Income ETF Stock Performance

The business’s fifty day moving average price is $34.46 and its two-hundred day moving average price is $43.76.

YieldMax Bitcoin Option Income ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be issued a dividend of $0.3054 per share. The ex-dividend date of this dividend is Thursday, January 29th. This represents a dividend yield of 4,017.0%.

YieldMax Bitcoin Option Income ETF Company Profile

(Get Free Report)

The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a synthetic covered call strategy based on futures contracts against Bitcoin. The strategy aims to provide income in which gains are capped and losses are not YBIT was launched on Apr 22, 2024 and is issued by YieldMax.

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