YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Short Interest Update

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 197,006 shares, an increase of 397.2% from the July 15th total of 39,623 shares. Approximately 8.1% of the company’s stock are sold short. Based on an average trading volume of 29,545 shares, the short-interest ratio is currently 6.7 days.

YieldMax Bitcoin Option Income ETF Trading Up 0.9%

NYSEARCA YBIT traded up $0.16 during trading on Wednesday, reaching $18.30. 7,748 shares of the company’s stock were exchanged, compared to its average volume of 36,005. YieldMax Bitcoin Option Income ETF has a fifty-two week low of $17.98 and a fifty-two week high of $53.65. The company’s fifty day simple moving average is $18.94 and its 200-day simple moving average is $22.87.

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.