Short Interest in YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Rises By 145.6%

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 30,636 shares, an increase of 145.6% from the November 30th total of 12,474 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 45,756 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 45,756 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the shares of the company are short sold.

YieldMax BABA Option Income Strategy ETF Price Performance

Shares of NYSEARCA:BABO traded up $0.01 during trading on Friday, reaching $13.60. 26,293 shares of the company’s stock traded hands, compared to its average volume of 85,708. YieldMax BABA Option Income Strategy ETF has a fifty-two week low of $13.31 and a fifty-two week high of $24.00. The company has a 50-day simple moving average of $14.67 and a 200-day simple moving average of $15.56.

YieldMax BABA Option Income Strategy ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be given a dividend of $0.135 per share. The ex-dividend date is Friday, December 26th. This represents a dividend yield of 3,537.0%.

Hedge Funds Weigh In On YieldMax BABA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax BABA Option Income Strategy ETF stock. OLD Mission Capital LLC raised its position in YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) by 126.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,350 shares of the company’s stock after purchasing an additional 15,838 shares during the period. OLD Mission Capital LLC owned 1.24% of YieldMax BABA Option Income Strategy ETF worth $563,000 at the end of the most recent quarter.

YieldMax BABA Option Income Strategy ETF Company Profile

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.