Short Interest in YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Decreases By 31.1%

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 37,701 shares, a drop of 31.1% from the March 15th total of 54,747 shares. Based on an average daily volume of 85,746 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the company are short sold.

YieldMax Bitcoin Option Income ETF Stock Up 0.1%

NYSEARCA YBIT opened at $24.46 on Tuesday. YieldMax Bitcoin Option Income ETF has a 1 year low of $22.79 and a 1 year high of $57.40. The company has a fifty day simple moving average of $24.58 and a 200 day simple moving average of $33.74.

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.