YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Shares Down 2.8% – Here’s Why

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT)’s stock price was down 2.8% on Thursday . The stock traded as low as $11.62 and last traded at $11.81. Approximately 369,348 shares changed hands during trading, an increase of 5% from the average daily volume of 352,276 shares. The stock had previously closed at $12.15.

YieldMax Bitcoin Option Income ETF Price Performance

The company has a 50-day moving average of $12.77 and a 200-day moving average of $13.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Bitcoin Option Income ETF stock. OLD Mission Capital LLC purchased a new stake in YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,447 shares of the company’s stock, valued at approximately $203,000. OLD Mission Capital LLC owned approximately 4.11% of YieldMax Bitcoin Option Income ETF at the end of the most recent reporting period.

YieldMax Bitcoin Option Income ETF Company Profile

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.