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

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 131,358 shares, a decline of 45.3% from the January 15th total of 240,193 shares. Based on an average daily volume of 162,424 shares, the short-interest ratio is currently 0.8 days. Currently, 1.2% of the shares of the stock are short sold. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 162,424 shares, the short-interest ratio is currently 0.8 days.

YieldMax META Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:FBY traded down $0.18 on Friday, reaching $11.58. The company’s stock had a trading volume of 96,101 shares, compared to its average volume of 158,140. The company has a 50-day simple moving average of $12.41 and a 200 day simple moving average of $14.21. YieldMax META Option Income Strategy ETF has a 52-week low of $11.46 and a 52-week high of $21.25. The company has a market cap of $124.25 million, a P/E ratio of 26.70 and a beta of 1.29.

YieldMax META Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 13th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.0583 per share. The ex-dividend date is Thursday, February 12th. This represents a yield of 3,431.0%.

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.