YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Sees Large Decrease in Short Interest

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 121,708 shares, a drop of 12.7% from the January 15th total of 139,467 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily trading volume, of 59,722 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 59,722 shares, the days-to-cover ratio is presently 2.0 days. Approximately 8.1% of the shares of the company are sold short.

YieldMax Short COIN Option Income Strategy ETF Trading Down 11.6%

Shares of NYSEARCA FIAT opened at $31.65 on Tuesday. YieldMax Short COIN Option Income Strategy ETF has a twelve month low of $22.80 and a twelve month high of $97.70. The stock has a 50 day moving average of $28.00 and a two-hundred day moving average of $28.27.

YieldMax Short COIN Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 13th. Investors of record on Thursday, February 12th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, February 12th. This represents a yield of 9,135.0%.

Institutional Investors Weigh In On YieldMax Short COIN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Short COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors purchased a new position in shares of YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,000 shares of the company’s stock, valued at approximately $57,000. Arkadios Wealth Advisors owned about 0.12% of YieldMax Short COIN Option Income Strategy ETF as of its most recent SEC filing.

About YieldMax Short COIN Option Income Strategy ETF

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.