YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Short Interest Update

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 54,747 shares, an increase of 39.8% from the February 26th total of 39,153 shares. Based on an average daily volume of 20,782 shares, the short-interest ratio is presently 2.6 days. Currently, 2.6% of the shares of the stock are short sold.

YieldMax Bitcoin Option Income ETF Stock Down 3.1%

Shares of YieldMax Bitcoin Option Income ETF stock opened at $23.15 on Friday. YieldMax Bitcoin Option Income ETF has a 1 year low of $22.83 and a 1 year high of $57.40. The firm’s 50 day moving average is $26.38 and its 200 day moving average is $35.82.

YieldMax Bitcoin Option Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a dividend of $0.3054 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 5,251.0%.

YieldMax Bitcoin Option Income ETF Company Profile

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.