YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Short Interest Down 83.4% in August

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 32,795 shares, a decline of 83.4% from the July 30th total of 197,006 shares. Based on an average daily volume of 18,308 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.3% of the company’s stock are sold short.

YieldMax Bitcoin Option Income ETF Stock Performance

YBIT stock traded down $0.50 during trading on Friday, hitting $20.90. 28,686 shares of the company’s stock traded hands, compared to its average volume of 35,474. The business has a fifty day simple moving average of $19.02 and a two-hundred day simple moving average of $22.04. YieldMax Bitcoin Option Income ETF has a 1 year low of $17.86 and a 1 year high of $51.40.

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.