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 decrease in short interest in the month of May. As of May 31st, there was short interest totalling 73,500 shares, a decrease of 48.6% from the May 15th total of 143,100 shares. Based on an average daily volume of 129,500 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the company’s shares are sold short.

YieldMax META Option Income Strategy ETF Trading Down 1.3%

NYSEARCA:FBY traded down $0.22 during mid-day trading on Friday, hitting $16.54. The stock had a trading volume of 146,895 shares, compared to its average volume of 129,553. YieldMax META Option Income Strategy ETF has a twelve month low of $13.56 and a twelve month high of $21.25. The company has a market capitalization of $164.24 million, a PE ratio of 26.70 and a beta of 1.37. The stock has a 50-day simple moving average of $15.58 and a two-hundred day simple moving average of $17.75.

Hedge Funds Weigh In On YieldMax META Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax META Option Income Strategy ETF stock. OLD Mission Capital LLC acquired a new stake in YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) during the first quarter, according to its most recent filing with the SEC. The firm acquired 81,463 shares of the company’s stock, valued at approximately $1,318,000. OLD Mission Capital LLC owned about 0.84% of YieldMax META Option Income Strategy ETF at the end of the most recent reporting period.

About YieldMax META Option Income Strategy ETF

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.