Shares of YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT – Get Free Report) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $19.92 and last traded at $20.12. 51,793 shares changed hands during trading, an increase of 34% from the average daily volume of 38,633 shares. The stock had previously closed at $20.15.
YieldMax Bitcoin Option Income ETF Price Performance
The stock’s 50-day moving average is $19.61 and its 200 day moving average is $21.65.
About YieldMax Bitcoin Option Income ETF
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.
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