YieldMax Bitcoin Option Income ETF Stock Set to Reverse Split on Monday, December 1st (NYSEARCA:YBIT)

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBITFree Report) shares are going to reverse split on the morning of Monday, December 1st. The 1-5 reverse split was announced on Monday, November 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 30th.

YieldMax Bitcoin Option Income ETF Stock Performance

NYSEARCA:YBIT opened at $7.20 on Thursday. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $9.94. YieldMax Bitcoin Option Income ETF has a 1-year low of $6.66 and a 1-year high of $15.20.

YieldMax Bitcoin Option Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 21st. Shareholders of record on Thursday, November 20th were issued a dividend of $0.2446 per share. This represents a yield of 5,626.0%. The ex-dividend date of this dividend was Thursday, November 20th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YieldMax Bitcoin Option Income ETF stock. OLD Mission Capital LLC lifted its stake in shares of YieldMax Bitcoin Option Income ETF (NYSEARCA:YBITFree Report) by 624.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,183 shares of the company’s stock after purchasing an additional 102,736 shares during the quarter. OLD Mission Capital LLC owned about 1.09% of YieldMax Bitcoin Option Income ETF worth $1,169,000 at the end of the most recent reporting period.

YieldMax Bitcoin Option Income ETF Company Profile

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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.

Further Reading

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