Short Interest in YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Increases By 131.6%

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 229,108 shares, an increase of 131.6% from the August 15th total of 98,905 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 192,667 shares, the short-interest ratio is presently 1.2 days.

YieldMax META Option Income Strategy ETF Trading Up 0.1%

Shares of FBY opened at $9.12 on Wednesday. YieldMax META Option Income Strategy ETF has a 52 week low of $7.93 and a 52 week high of $16.59. The firm has a market cap of $110.08 million, a price-to-earnings ratio of 26.70 and a beta of 1.26. The stock has a 50 day moving average of $8.89 and a 200-day moving average of $9.81.

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. The actively managed fund uses both standardized exchange-traded and FLEX options FBY was launched on Jul 27, 2023 and is issued by YieldMax.