YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Short Interest Update

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 31,061 shares, a decline of 53.2% from the May 14th total of 66,304 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,286 shares, the days-to-cover ratio is currently 0.7 days.

YieldMax BABA Option Income Strategy ETF Trading Down 0.3%

Shares of NYSEARCA:BABO traded down $0.03 during midday trading on Friday, hitting $8.55. 30,015 shares of the stock were exchanged, compared to its average volume of 58,359. YieldMax BABA Option Income Strategy ETF has a twelve month low of $8.38 and a twelve month high of $20.00. The company has a 50 day moving average price of $10.06 and a 200-day moving average price of $11.98.

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About YieldMax BABA Option Income Strategy ETF

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The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.

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