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

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 197,006 shares, an increase of 397.2% from the July 15th total of 39,623 shares. Based on an average daily trading volume, of 29,545 shares, the short-interest ratio is currently 6.7 days. Approximately 8.1% of the company’s stock are sold short.

YieldMax Bitcoin Option Income ETF Price Performance

YBIT traded down $0.08 on Friday, reaching $17.96. The company had a trading volume of 10,546 shares, compared to its average volume of 35,830. YieldMax Bitcoin Option Income ETF has a 1 year low of $17.86 and a 1 year high of $52.90. The stock has a 50-day moving average price of $18.87 and a 200-day moving average price of $22.66.

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.