YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) Shares Shorted: Short Interest Down 81.8% in October

YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,517 shares, a decline of 81.8% from the October 15th total of 13,841 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 31,896 shares, the days-to-cover ratio is presently 0.1 days.

YieldMax BABA Option Income Strategy ETF Stock Performance

BABO stock traded down $0.54 during trading hours on Thursday, hitting $5.88. The company’s stock had a trading volume of 38,304 shares, compared to its average volume of 48,229. YieldMax BABA Option Income Strategy ETF has a 12 month low of $5.85 and a 12 month high of $15.15. The stock has a 50 day moving average price of $7.02 and a two-hundred day moving average price of $9.27.

About YieldMax BABA Option Income Strategy ETF

The YieldMax BABA Option Income Strategy ETF (BABO) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Alibaba stock (BABA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. BABO was launched on Aug 7, 2024 and is issued by YieldMax.