YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Sees Large Growth in Short Interest

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 227,228 shares, a growth of 73.0% from the January 29th total of 131,358 shares. Based on an average trading volume of 183,806 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.1% of the shares of the stock are sold short. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 183,806 shares, the days-to-cover ratio is presently 1.2 days.

YieldMax META Option Income Strategy ETF Trading Down 1.4%

FBY traded down $0.16 during midday trading on Friday, hitting $11.61. 1,475,478 shares of the company traded hands, compared to its average volume of 196,388. The company has a market capitalization of $124.58 million, a price-to-earnings ratio of 26.70 and a beta of 1.29. YieldMax META Option Income Strategy ETF has a 52-week low of $11.38 and a 52-week high of $19.27. The business has a 50 day simple moving average of $12.21 and a two-hundred day simple moving average of $13.79.

YieldMax META Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.0583 dividend. The ex-dividend date was Thursday, February 26th. This represents a yield of 3,004.0%.

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.