YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Sees Large Growth in Short Interest

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 28,717 shares, an increase of 122.1% from the July 15th total of 12,930 shares. Approximately 14.4% of the shares of the company are short sold. Based on an average daily trading volume, of 5,377 shares, the days-to-cover ratio is currently 5.3 days.

YieldMax Short NVDA Option Income Strategy ETF Stock Up 0.2%

DIPS traded up $0.08 on Friday, reaching $33.75. The stock had a trading volume of 10,678 shares, compared to its average volume of 6,544. The business’s 50-day moving average price is $38.34 and its two-hundred day moving average price is $43.33. YieldMax Short NVDA Option Income Strategy ETF has a 12-month low of $33.47 and a 12-month high of $67.50.

About YieldMax Short NVDA Option Income Strategy ETF

The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide current income and inverse exposure to Nvidia stock (NVDA). The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral DIPS was launched on Jul 23, 2024 and is issued by YieldMax.