YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Short Interest Up 18.6% in April

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 44,706 shares, a growth of 18.6% from the March 31st total of 37,701 shares. Based on an average trading volume of 20,681 shares, the short-interest ratio is presently 2.2 days. Currently, 1.9% of the company’s stock are sold short.

YieldMax Bitcoin Option Income ETF Trading Up 1.7%

Shares of YBIT traded up $0.40 on Friday, reaching $24.55. The company’s stock had a trading volume of 24,791 shares, compared to its average volume of 44,957. YieldMax Bitcoin Option Income ETF has a twelve month low of $22.79 and a twelve month high of $57.40. The firm has a fifty day moving average of $24.48 and a 200-day moving average of $31.68.

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.