YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Short Interest Down 83.1% in May

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 69,300 shares, a decline of 83.1% from the May 15th total of 411,200 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 286,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On YieldMax Bitcoin Option Income ETF

A hedge fund recently bought a new stake in YieldMax Bitcoin Option Income ETF stock. OLD Mission Capital LLC bought a new stake in shares of YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,447 shares of the company’s stock, valued at approximately $203,000. OLD Mission Capital LLC owned 4.11% of YieldMax Bitcoin Option Income ETF at the end of the most recent quarter.

YieldMax Bitcoin Option Income ETF Price Performance

Shares of YieldMax Bitcoin Option Income ETF stock opened at $10.19 on Friday. The company’s fifty day moving average price is $10.57 and its two-hundred day moving average price is $11.53. YieldMax Bitcoin Option Income ETF has a 52-week low of $9.04 and a 52-week high of $18.58.

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.