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

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 32,795 shares, a decline of 83.4% from the July 30th total of 197,006 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 18,308 shares, the short-interest ratio is presently 1.8 days.

YieldMax Bitcoin Option Income ETF Stock Performance

Shares of YBIT stock traded down $0.17 on Wednesday, reaching $21.40. The stock had a trading volume of 12,362 shares, compared to its average volume of 35,573. YieldMax Bitcoin Option Income ETF has a 1 year low of $17.86 and a 1 year high of $51.40. The company has a 50 day simple moving average of $18.93 and a 200 day simple moving average of $22.08.

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.