YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) Sees Significant Growth in Short Interest

YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 131,535 shares, an increase of 346.6% from the July 15th total of 29,454 shares. Based on an average daily trading volume, of 57,279 shares, the short-interest ratio is presently 2.3 days. Currently, 3.8% of the company’s shares are sold short.

YieldMax XOM Option Income Strategy ETF Price Performance

Shares of NYSEARCA:XOMO traded down $0.06 during mid-day trading on Wednesday, reaching $11.29. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 120,416. The business’s fifty day moving average price is $11.02 and its 200-day moving average price is $12.07. YieldMax XOM Option Income Strategy ETF has a twelve month low of $10.38 and a twelve month high of $14.14.

About YieldMax XOM Option Income Strategy ETF

The YieldMax XOM Option Income Strategy ETF (XOMO) is an exchange-traded fund that mostly invests in energy equity. The fund seeks to provide current income and capped gains on the Exxon Mobil Corporation stock (XOM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. XOMO was launched on Aug 30, 2023 and is issued by YieldMax.