YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Sees Large Growth in Short Interest

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 44,706 shares, a growth of 18.6% from the March 31st total of 37,701 shares. Based on an average daily trading volume, of 20,681 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.9% of the company’s stock are sold short.

YieldMax Bitcoin Option Income ETF Price Performance

YBIT stock opened at $24.55 on Friday. The firm has a 50 day simple moving average of $24.48 and a 200-day simple moving average of $31.68. YieldMax Bitcoin Option Income ETF has a twelve month low of $22.79 and a twelve month high of $57.40.

About YieldMax Bitcoin Option Income ETF

The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a synthetic covered call strategy based on futures contracts against Bitcoin. The strategy aims to provide income in which gains are capped and losses are not YBIT was launched on Apr 22, 2024 and is issued by YieldMax.