YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Stock Price Up 0.8% – Here’s What Happened

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) shot up 0.8% during mid-day trading on Friday . The stock traded as high as $25.58 and last traded at $25.04. 36,719 shares were traded during trading, a decline of 11% from the average session volume of 41,102 shares. The stock had previously closed at $24.84.

YieldMax Bitcoin Option Income ETF Stock Up 0.8%

The business’s fifty day simple moving average is $28.40 and its 200 day simple moving average is $37.61.

YieldMax Bitcoin Option Income ETF Cuts Dividend

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

About YieldMax Bitcoin Option Income ETF

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.