YieldMax META Option Income Strategy ETF (NYSEARCA:FBY – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 195,575 shares, an increase of 83.2% from the September 30th total of 106,749 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 114,928 shares, the short-interest ratio is currently 1.7 days.
YieldMax META Option Income Strategy ETF Stock Performance
Shares of FBY traded down $0.14 during trading hours on Friday, hitting $7.90. The stock had a trading volume of 204,905 shares, compared to its average volume of 161,325. YieldMax META Option Income Strategy ETF has a 12-month low of $7.84 and a 12-month high of $14.00. The firm has a market cap of $97.17 million, a P/E ratio of 26.70 and a beta of 1.18. The company’s fifty day simple moving average is $8.98 and its 200 day simple moving average is $10.06.
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.
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