Shares of YieldMax META Option Income Strategy ETF (NYSEARCA:FBY – Get Free Report) shot up 1.6% on Monday. The stock traded as high as $9.69 and last traded at $9.66. 110,332 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 162,509 shares. The stock had previously closed at $9.51.
YieldMax META Option Income Strategy ETF Price Performance
The stock has a market capitalization of $117.59 million, a price-to-earnings ratio of 26.70 and a beta of 1.18. The firm has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $9.60.
About YieldMax META Option Income Strategy ETF
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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