Short Interest in YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Rises By 397.2%

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 197,006 shares, a growth of 397.2% from the July 15th total of 39,623 shares. Currently, 8.1% of the company’s stock are sold short. Based on an average daily trading volume, of 29,545 shares, the days-to-cover ratio is currently 6.7 days.

YieldMax Bitcoin Option Income ETF Stock Performance

Shares of YBIT traded up $0.16 during trading hours on Wednesday, hitting $18.30. 7,748 shares of the company were exchanged, compared to its average volume of 36,005. The firm’s 50 day moving average is $18.94 and its 200-day moving average is $22.87. YieldMax Bitcoin Option Income ETF has a 52 week low of $17.98 and a 52 week high of $53.65.

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.