YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Sees Significant Growth in Short Interest

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 54,747 shares, an increase of 39.8% from the February 26th total of 39,153 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 20,782 shares, the short-interest ratio is currently 2.6 days.

YieldMax Bitcoin Option Income ETF Trading Up 0.6%

YBIT opened at $23.28 on Tuesday. YieldMax Bitcoin Option Income ETF has a twelve month low of $22.83 and a twelve month high of $57.40. The company’s 50-day moving average price is $26.14 and its two-hundred day moving average price is $35.54.

YieldMax Bitcoin Option Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a $0.3054 dividend. This represents a dividend yield of 5,251.0%. The ex-dividend date of this dividend was Thursday, February 26th.

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.