YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Short Interest Update

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 58,221 shares, a drop of 24.9% from the January 29th total of 77,480 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 54,015 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 54,015 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.0% of the company’s shares are short sold.

YieldMax BABA Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:BABO traded down $0.43 during midday trading on Tuesday, hitting $11.32. 52,186 shares of the stock were exchanged, compared to its average volume of 84,112. The business’s 50-day moving average price is $13.54 and its 200 day moving average price is $15.00. YieldMax BABA Option Income Strategy ETF has a 12 month low of $11.16 and a 12 month high of $22.58.

YieldMax BABA Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were given a $0.1166 dividend. This represents a yield of 4,163.0%. The ex-dividend date was Thursday, February 26th.

About YieldMax BABA Option Income Strategy ETF

The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.