YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) Sees Significant Decline in Short Interest

YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 8,481 shares, a drop of 61.9% from the April 15th total of 22,234 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 99,116 shares, the short-interest ratio is currently 0.1 days.

YieldMax XOM Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:XOMO traded up $0.37 during midday trading on Friday, hitting $12.20. 99,075 shares of the stock traded hands, compared to its average volume of 160,526. The business’s 50 day moving average is $12.65 and its two-hundred day moving average is $12.32. YieldMax XOM Option Income Strategy ETF has a one year low of $11.32 and a one year high of $14.14.

About YieldMax XOM Option Income Strategy ETF

The YieldMax XOM Option Income Strategy ETF (XOMO) is an exchange-traded fund that mostly invests in energy equity. The fund seeks to provide current income and capped gains on the Exxon Mobil Corporation stock (XOM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. XOMO was launched on Aug 30, 2023 and is issued by YieldMax.