YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Stock Price Up 0.2% – Here’s Why

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT)’s stock price traded up 0.2% on Thursday . The company traded as high as $24.32 and last traded at $24.29. 16,337 shares changed hands during trading, a decline of 44% from the average session volume of 29,013 shares. The stock had previously closed at $24.25.

YieldMax Bitcoin Option Income ETF Stock Up 1.0%

The business’s 50 day simple moving average is $31.16 and its two-hundred day simple moving average is $40.44.

YieldMax Bitcoin Option Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 20th. Investors of record on Thursday, February 19th were given a dividend of $0.3054 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a dividend yield of 5,129.0%.

YieldMax Bitcoin Option Income ETF Company Profile

The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a synthetic covered call strategy based on futures contracts against Bitcoin. The strategy aims to provide income in which gains are capped and losses are not YBIT was launched on Apr 22, 2024 and is issued by YieldMax.