Short Interest in YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Grows By 87.3%

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 240,193 shares, a growth of 87.3% from the December 31st total of 128,228 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 128,330 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 128,330 shares, the short-interest ratio is currently 1.9 days. Currently, 2.2% of the shares of the stock are short sold.

YieldMax META Option Income Strategy ETF Price Performance

FBY traded down $0.32 during trading on Friday, hitting $13.16. 174,743 shares of the stock traded hands, compared to its average volume of 145,317. The business has a 50 day moving average price of $12.55 and a 200 day moving average price of $14.48. The company has a market cap of $141.21 million, a price-to-earnings ratio of 26.70 and a beta of 1.29. YieldMax META Option Income Strategy ETF has a twelve month low of $11.46 and a twelve month high of $21.25.

YieldMax META Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were issued a $0.0583 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a dividend yield of 2,419.0%.

YieldMax META Option Income Strategy ETF Company Profile

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.