YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) Short Interest Up 89.3% in June

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,302 shares, an increase of 89.3% from the May 31st total of 2,801 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 8,225 shares, the days-to-cover ratio is currently 0.6 days.

YieldMax Short NVDA Option Income Strategy ETF Stock Up 1.2%

Shares of YieldMax Short NVDA Option Income Strategy ETF stock traded up $0.48 during trading on Wednesday, reaching $40.20. 6,330 shares of the company traded hands, compared to its average volume of 6,618. YieldMax Short NVDA Option Income Strategy ETF has a 1-year low of $36.09 and a 1-year high of $76.40. The company has a 50 day moving average price of $39.87 and a 200-day moving average price of $46.65.

YieldMax Short NVDA Option Income Strategy ETF Company Profile

The YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide current income and inverse exposure to Nvidia stock (NVDA). The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral DIPS was launched on Jul 23, 2024 and is issued by YieldMax.