YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Sees Significant Growth in Short Interest

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 227,228 shares, an increase of 73.0% from the January 29th total of 131,358 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily trading volume, of 183,806 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 183,806 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.1% of the shares of the company are sold short.

YieldMax META Option Income Strategy ETF Stock Performance

Shares of NYSEARCA FBY traded down $0.16 during trading hours on Friday, reaching $11.61. 1,475,478 shares of the stock were exchanged, compared to its average volume of 196,388. The firm has a market capitalization of $124.58 million, a price-to-earnings ratio of 26.70 and a beta of 1.29. The stock’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $13.82. YieldMax META Option Income Strategy ETF has a 52 week low of $11.38 and a 52 week high of $19.27.

YieldMax META Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.0583 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 3,004.0%.

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.