Short Interest in YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Declines By 40.8%

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 226,583 shares, a drop of 40.8% from the April 15th total of 382,552 shares. Based on an average trading volume of 143,698 shares, the short-interest ratio is currently 1.6 days. Approximately 2.3% of the company’s stock are short sold.

YieldMax META Option Income Strategy ETF Price Performance

Shares of NYSEARCA FBY traded down $0.06 during midday trading on Monday, hitting $10.10. 114,980 shares of the company’s stock were exchanged, compared to its average volume of 161,426. YieldMax META Option Income Strategy ETF has a twelve month low of $9.40 and a twelve month high of $17.64. The company has a market cap of $100.80 million, a PE ratio of 26.70 and a beta of 1.24. The firm’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $11.85.

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.