YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Short Interest Update

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 12,930 shares, a drop of 40.0% from the June 30th total of 21,549 shares. Approximately 6.5% of the company’s shares are short sold. Based on an average daily volume of 7,030 shares, the short-interest ratio is currently 1.8 days.

YieldMax Short NVDA Option Income Strategy ETF Stock Down 2.5%

NYSEARCA DIPS traded down $0.99 during trading on Friday, hitting $38.21. The stock had a trading volume of 7,035 shares, compared to its average volume of 6,540. The stock has a 50 day simple moving average of $39.21 and a 200 day simple moving average of $44.54. YieldMax Short NVDA Option Income Strategy ETF has a one year low of $36.09 and a one year high of $67.99.

About YieldMax Short NVDA Option Income Strategy ETF

The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide current income and inverse exposure to Nvidia stock (NVDA). The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral DIPS was launched on Jul 23, 2024 and is issued by YieldMax.