YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Sees Large Decrease in Short Interest

by · The Cerbat Gem

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

YieldMax Bitcoin Option Income ETF Trading Up 0.3%

Shares of NYSEARCA:YBIT traded up $0.06 during midday trading on Thursday, reaching $21.49. 21,217 shares of the company’s stock traded hands, compared to its average volume of 35,501. YieldMax Bitcoin Option Income ETF has a one year low of $17.86 and a one year high of $51.40. The stock has a 50 day moving average of $18.97 and a 200 day moving average of $22.06.

About YieldMax Bitcoin Option Income ETF

(Get Free Report)

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.

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