YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Sees Large Growth in Short Interest

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 197,006 shares, a growth of 397.2% from the July 15th total of 39,623 shares. Approximately 8.1% of the company’s stock are short sold. Based on an average daily volume of 29,545 shares, the days-to-cover ratio is currently 6.7 days.

YieldMax Bitcoin Option Income ETF Price Performance

YBIT stock traded down $0.12 during trading on Thursday, reaching $18.04. 20,217 shares of the company traded hands, compared to its average volume of 36,000. The business has a 50 day simple moving average of $18.90 and a 200 day simple moving average of $22.77. YieldMax Bitcoin Option Income ETF has a 12 month low of $17.91 and a 12 month high of $52.90.

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.