Shares of YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO – Get Free Report) dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $13.54 and last traded at $13.76. Approximately 58,233 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 70,801 shares. The stock had previously closed at $14.14.
YieldMax BABA Option Income Strategy ETF Trading Down 2.7%
The firm has a 50-day moving average of $14.02 and a 200 day moving average of $15.35.
YieldMax BABA Option Income Strategy ETF Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were issued a dividend of $0.1166 per share. This represents a yield of 6,054.0%. The ex-dividend date of this dividend was Thursday, January 29th.
About YieldMax BABA Option Income Strategy ETF
The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.
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