YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) Sees Large Increase in Short Interest

YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 34,952 shares, a growth of 126.3% from the February 26th total of 15,448 shares. Based on an average daily volume of 103,447 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.2% of the shares of the company are sold short.

YieldMax XOM Option Income Strategy ETF Stock Up 2.6%

XOMO stock traded up $0.35 during midday trading on Friday, hitting $13.86. The stock had a trading volume of 172,611 shares, compared to its average volume of 182,086. YieldMax XOM Option Income Strategy ETF has a 52 week low of $11.32 and a 52 week high of $14.92. The stock has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $12.21.

YieldMax XOM Option Income Strategy ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.0524 per share. This represents a dividend yield of 2,673.0%. The ex-dividend date of this dividend was Thursday, February 26th.

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.