YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Short Interest Down 85.9% in August

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 12,490 shares, a decrease of 85.9% from the August 15th total of 88,387 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 78,777 shares, the short-interest ratio is presently 0.2 days.

YieldMax Short COIN Option Income Strategy ETF Stock Performance

Shares of NYSEARCA:FIAT traded down $0.23 during trading on Friday, hitting $16.79. 31,576 shares of the company’s stock were exchanged, compared to its average volume of 77,081. The business’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $22.13. YieldMax Short COIN Option Income Strategy ETF has a 52-week low of $15.40 and a 52-week high of $36.11.

About YieldMax Short COIN Option Income Strategy ETF

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.