YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Sees Large Increase in Short Interest

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,302 shares, an increase of 89.3% from the May 31st total of 2,801 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average trading volume of 8,225 shares, the days-to-cover ratio is presently 0.6 days.

YieldMax Short NVDA Option Income Strategy ETF Trading Up 0.4%

NYSEARCA:DIPS traded up $0.18 on Thursday, hitting $40.37. The stock had a trading volume of 5,369 shares, compared to its average volume of 6,609. The business’s 50-day simple moving average is $39.82 and its two-hundred day simple moving average is $46.55. YieldMax Short NVDA Option Income Strategy ETF has a 52-week low of $36.09 and a 52-week high of $75.50.

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YieldMax Short NVDA Option Income Strategy ETF Company Profile

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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.

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