YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Sees Significant Decrease in Short Interest

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 226,583 shares, a decrease of 40.8% from the April 15th total of 382,552 shares. Based on an average daily volume of 143,698 shares, the short-interest ratio is presently 1.6 days. Currently, 2.3% of the company’s stock are short sold.

YieldMax META Option Income Strategy ETF Trading Down 1.3%

Shares of YieldMax META Option Income Strategy ETF stock traded down $0.13 on Tuesday, reaching $9.97. 80,718 shares of the company were exchanged, compared to its average volume of 160,495. YieldMax META Option Income Strategy ETF has a one year low of $9.40 and a one year high of $17.64. The company has a market capitalization of $99.50 million, a price-to-earnings ratio of 26.70 and a beta of 1.24. The company has a 50-day moving average of $10.71 and a 200 day moving average of $11.85.

About YieldMax META Option Income Strategy ETF

The YieldMax META Option Income Strategy ETF (FBY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Meta Platforms stock (META) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options FBY was launched on Jul 27, 2023 and is issued by YieldMax.