YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Shares Up 1.2% – Here’s Why

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY)’s stock price was up 1.2% on Friday . The company traded as high as $11.50 and last traded at $11.45. Approximately 81,681 shares traded hands during trading, a decline of 48% from the average daily volume of 158,287 shares. The stock had previously closed at $11.31.

YieldMax META Option Income Strategy ETF Stock Up 1.2%

The company’s 50-day moving average price is $11.16 and its 200-day moving average price is $12.53. The firm has a market cap of $94.69 million, a price-to-earnings ratio of 26.70 and a beta of 1.41.

About YieldMax META Option Income Strategy ETF

The YieldMax META Option Income Strategy ETF (FBY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Meta Platforms stock (META) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options FBY was launched on Jul 27, 2023 and is issued by YieldMax.