Short Interest in YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Drops By 85.9%

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,490 shares, a decline of 85.9% from the August 15th total of 88,387 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 78,777 shares, the days-to-cover ratio is currently 0.2 days.

YieldMax Short COIN Option Income Strategy ETF Trading Down 1.4%

Shares of NYSEARCA FIAT traded down $0.23 during trading hours on Friday, hitting $16.79. The company had a trading volume of 27,939 shares, compared to its average volume of 77,056. YieldMax Short COIN Option Income Strategy ETF has a 1-year low of $15.40 and a 1-year high of $36.11. The firm’s 50 day moving average is $19.41 and its 200-day moving average is $22.17.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.