YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Sees Large Decline in Short Interest

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 106,749 shares, a decline of 39.7% from the September 15th total of 177,144 shares. Based on an average daily trading volume, of 195,219 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the company’s stock are sold short.

YieldMax META Option Income Strategy ETF Price Performance

Shares of YieldMax META Option Income Strategy ETF stock traded down $0.30 on Friday, hitting $9.16. The company had a trading volume of 123,797 shares, compared to its average volume of 160,757. The firm has a market capitalization of $114.50 million, a P/E ratio of 26.70 and a beta of 1.18. YieldMax META Option Income Strategy ETF has a twelve month low of $7.93 and a twelve month high of $15.69. The stock has a 50-day moving average of $8.99 and a 200-day moving average of $9.56.

YieldMax META Option Income Strategy ETF Company Profile

The YieldMax META Option Income Strategy ETF (FBY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Meta Platforms stock (META) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options FBY was launched on Jul 27, 2023 and is issued by YieldMax.