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

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 32,795 shares, a drop of 83.4% from the July 30th total of 197,006 shares. Based on an average daily volume of 18,308 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.3% of the shares of the stock are sold short.

YieldMax Bitcoin Option Income ETF Trading Down 0.8%

Shares of YieldMax Bitcoin Option Income ETF stock traded down $0.17 on Wednesday, hitting $21.40. 12,362 shares of the company traded hands, compared to its average volume of 35,573. The business has a 50-day simple moving average of $18.93 and a 200 day simple moving average of $22.08. YieldMax Bitcoin Option Income ETF has a 52 week low of $17.86 and a 52 week high of $51.40.

About YieldMax Bitcoin Option Income ETF

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.