YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Sees Significant Decline in Short Interest

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 12,930 shares, a drop of 40.0% from the June 30th total of 21,549 shares. Based on an average daily volume of 7,030 shares, the short-interest ratio is currently 1.8 days. Currently, 6.5% of the shares of the stock are sold short.

YieldMax Short NVDA Option Income Strategy ETF Price Performance

YieldMax Short NVDA Option Income Strategy ETF stock traded down $0.96 during trading hours on Thursday, hitting $39.20. 5,093 shares of the stock were exchanged, compared to its average volume of 6,537. The business’s 50-day moving average is $39.20 and its two-hundred day moving average is $44.63. YieldMax Short NVDA Option Income Strategy ETF has a 12 month low of $36.09 and a 12 month high of $67.99.

About YieldMax Short NVDA Option Income Strategy ETF

The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide current income and inverse exposure to Nvidia stock (NVDA). The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral DIPS was launched on Jul 23, 2024 and is issued by YieldMax.