YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Sees Significant Growth in Short Interest

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 77,480 shares, a growth of 668.7% from the January 15th total of 10,079 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 84,040 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 84,040 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.6% of the company’s shares are short sold.

YieldMax BABA Option Income Strategy ETF Price Performance

Shares of YieldMax BABA Option Income Strategy ETF stock traded down $0.54 during midday trading on Thursday, reaching $13.16. The company had a trading volume of 47,400 shares, compared to its average volume of 65,600. YieldMax BABA Option Income Strategy ETF has a fifty-two week low of $12.97 and a fifty-two week high of $24.00. The stock has a fifty day moving average price of $13.90 and a 200 day moving average price of $15.27.

YieldMax BABA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, February 12th will be given a $0.1166 dividend. This represents a yield of 4,497.0%. The ex-dividend date of this dividend is Thursday, February 12th.

YieldMax BABA Option Income Strategy ETF Company Profile

The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.