YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Short Interest Update

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 77,480 shares, an increase of 668.7% from the January 15th total of 10,079 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 84,040 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 84,040 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.6% of the shares of the stock are sold short.

YieldMax BABA Option Income Strategy ETF Stock Up 2.1%

BABO traded up $0.28 during midday trading on Tuesday, reaching $13.85. 35,288 shares of the company’s stock were exchanged, compared to its average volume of 67,033. YieldMax BABA Option Income Strategy ETF has a one year low of $12.97 and a one year high of $24.00. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $15.28.

YieldMax BABA Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 6th. Stockholders of record on Thursday, February 5th were issued a $0.1166 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a dividend yield of 4,695.0%.

About YieldMax BABA Option Income Strategy ETF

The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.