YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Sees Significant Drop in Short Interest

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 142,997 shares, a decrease of 93.4% from the November 30th total of 2,152,129 shares. Currently, 7.9% of the company’s stock are short sold. Based on an average daily volume of 157,541 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 157,541 shares, the days-to-cover ratio is presently 0.9 days. Currently, 7.9% of the company’s stock are short sold.

YieldMax Short COIN Option Income Strategy ETF Price Performance

Shares of NYSEARCA FIAT traded down $0.09 on Friday, reaching $27.20. 262,610 shares of the company’s stock traded hands, compared to its average volume of 102,200. The business’s 50 day simple moving average is $26.15 and its two-hundred day simple moving average is $30.23. YieldMax Short COIN Option Income Strategy ETF has a 12 month low of $22.80 and a 12 month high of $97.70.

YieldMax Short COIN Option Income Strategy ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be given a $0.517 dividend. This is a boost from YieldMax Short COIN Option Income Strategy ETF’s previous dividend of $0.11. The ex-dividend date of this dividend is Friday, December 26th. This represents a yield of 7,519.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Short COIN Option Income Strategy ETF stock. Moloney Securities Asset Management LLC acquired a new position in YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $34,000. Moloney Securities Asset Management LLC owned approximately 0.10% of YieldMax Short COIN Option Income Strategy ETF as of its most recent filing with the Securities and Exchange Commission.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.