YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Short Interest Down 32.0% in July

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 101,669 shares, a drop of 32.0% from the June 30th total of 149,602 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 200,035 shares, the days-to-cover ratio is currently 0.5 days.

YieldMax META Option Income Strategy ETF Stock Down 8.1%

NYSEARCA FBY opened at $8.21 on Friday. The company has a fifty day moving average of $9.50 and a two-hundred day moving average of $10.63. The firm has a market capitalization of $99.09 million, a price-to-earnings ratio of 26.70 and a beta of 1.26. YieldMax META Option Income Strategy ETF has a 52 week low of $7.99 and a 52 week high of $17.64.

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.