YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Short Interest Update

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 31,061 shares, a drop of 53.2% from the May 14th total of 66,304 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 45,286 shares, the days-to-cover ratio is currently 0.7 days.

YieldMax BABA Option Income Strategy ETF Price Performance

Shares of NYSEARCA:BABO remained flat at $8.55 during midday trading on Monday. The stock had a trading volume of 28,594 shares, compared to its average volume of 58,096. YieldMax BABA Option Income Strategy ETF has a 52-week low of $8.38 and a 52-week high of $20.00. The company has a 50-day simple moving average of $10.03 and a two-hundred day simple moving average of $11.94.

About YieldMax BABA Option Income Strategy ETF

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.