YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Short Interest Down 32.0% in July

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 101,669 shares, a decrease of 32.0% from the June 30th total of 149,602 shares. Based on an average daily trading volume, of 200,035 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.0% of the shares of the company are short sold.

YieldMax META Option Income Strategy ETF Trading Up 2.1%

NYSEARCA FBY traded up $0.17 on Friday, hitting $8.38. 215,900 shares of the company’s stock traded hands, compared to its average volume of 163,334. YieldMax META Option Income Strategy ETF has a 1-year low of $7.99 and a 1-year high of $17.64. The firm’s 50-day moving average price is $9.46 and its two-hundred day moving average price is $10.61. The firm has a market capitalization of $101.15 million, a PE ratio of 26.70 and a beta of 1.26.

YieldMax META Option Income Strategy ETF Company Profile

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.