Short Interest in YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Expands By 131.6%

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 229,108 shares, an increase of 131.6% from the August 15th total of 98,905 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 192,667 shares, the short-interest ratio is currently 1.2 days.

YieldMax META Option Income Strategy ETF Price Performance

FBY stock traded down $0.03 during trading hours on Tuesday, reaching $9.09. The stock had a trading volume of 32,041 shares, compared to its average volume of 158,130. The stock has a market capitalization of $109.66 million, a PE ratio of 26.70 and a beta of 1.26. The stock has a 50-day simple moving average of $8.90 and a 200 day simple moving average of $9.83. YieldMax META Option Income Strategy ETF has a fifty-two week low of $7.93 and a fifty-two week high of $16.59.

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.