YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Short Interest Update

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 101,669 shares, a decline of 32.0% from the June 30th total of 149,602 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 200,035 shares, the days-to-cover ratio is presently 0.5 days.

YieldMax META Option Income Strategy ETF Stock Up 2.1%

Shares of NYSEARCA FBY opened at $8.38 on Friday. The business’s 50 day moving average price is $9.46 and its 200 day moving average price is $10.61. The firm has a market cap of $101.15 million, a P/E ratio of 26.70 and a beta of 1.26. YieldMax META Option Income Strategy ETF has a 52 week low of $7.99 and a 52 week high of $17.64.

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.