YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Short Interest Update

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 240,193 shares, an increase of 87.3% from the December 31st total of 128,228 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 128,330 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 128,330 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.2% of the company’s shares are sold short.

YieldMax META Option Income Strategy ETF Trading Down 2.4%

FBY traded down $0.32 during trading hours on Friday, hitting $13.16. 174,743 shares of the company’s stock were exchanged, compared to its average volume of 145,317. YieldMax META Option Income Strategy ETF has a 12-month low of $11.46 and a 12-month high of $21.25. The firm has a 50 day moving average of $12.55 and a 200 day moving average of $14.50. The firm has a market cap of $141.21 million, a P/E ratio of 26.70 and a beta of 1.29.

YieldMax META Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 29th will be issued a $0.0583 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a yield of 2,419.0%.

YieldMax META Option Income Strategy ETF Company Profile

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.