YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Short Interest Up 122.1% in July

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 28,717 shares, a growth of 122.1% from the July 15th total of 12,930 shares. Based on an average daily volume of 5,377 shares, the days-to-cover ratio is presently 5.3 days. Approximately 14.4% of the shares of the company are short sold.

YieldMax Short NVDA Option Income Strategy ETF Trading Up 0.2%

NYSEARCA DIPS traded up $0.08 on Friday, reaching $33.75. 10,678 shares of the company’s stock traded hands, compared to its average volume of 6,544. YieldMax Short NVDA Option Income Strategy ETF has a fifty-two week low of $33.47 and a fifty-two week high of $67.50. The stock has a 50 day moving average price of $38.34 and a 200-day moving average price of $43.33.

YieldMax Short NVDA Option Income Strategy ETF Company Profile

The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide current income and inverse exposure to Nvidia stock (NVDA). The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral DIPS was launched on Jul 23, 2024 and is issued by YieldMax.