YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Sees Large Drop in Short Interest

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 142,997 shares, a decline of 93.4% from the November 30th total of 2,152,129 shares. Based on an average daily volume of 157,541 shares, the days-to-cover ratio is currently 0.9 days. Currently, 7.9% of the shares of the stock are short sold. Currently, 7.9% of the shares of the stock are short sold. Based on an average daily volume of 157,541 shares, the days-to-cover ratio is currently 0.9 days.

YieldMax Short COIN Option Income Strategy ETF Price Performance

NYSEARCA:FIAT traded up $0.15 on Thursday, reaching $27.29. The stock had a trading volume of 62,588 shares, compared to its average volume of 101,548. YieldMax Short COIN Option Income Strategy ETF has a 12-month low of $22.80 and a 12-month high of $97.70. The firm’s fifty day moving average is $26.08 and its two-hundred day moving average is $30.41.

YieldMax Short COIN Option Income Strategy ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a dividend of $0.517 per share. This represents a yield of 7,728.0%. This is an increase from YieldMax Short COIN Option Income Strategy ETF’s previous dividend of $0.11. The ex-dividend date was Thursday, December 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Short COIN Option Income Strategy ETF stock. Moloney Securities Asset Management LLC bought a new position in shares of YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $34,000. Moloney Securities Asset Management LLC owned 0.10% of YieldMax Short COIN Option Income Strategy ETF at the end of the most recent quarter.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.