YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) Sees Large Growth in Short Interest

YieldMax XOM Option Income Strategy ETF (NYSEARCA:XOMO) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 34,952 shares, an increase of 126.3% from the February 26th total of 15,448 shares. Based on an average daily volume of 103,447 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.2% of the shares of the company are short sold.

YieldMax XOM Option Income Strategy ETF Price Performance

XOMO traded down $0.01 during midday trading on Thursday, hitting $13.50. 83,188 shares of the company were exchanged, compared to its average volume of 181,893. The company’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $12.19. YieldMax XOM Option Income Strategy ETF has a 1-year low of $11.32 and a 1-year high of $14.92.

YieldMax XOM Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were paid a $0.0524 dividend. The ex-dividend date was Thursday, February 26th. This represents a dividend yield of 2,673.0%.

YieldMax XOM Option Income Strategy ETF Company Profile

The YieldMax XOM Option Income Strategy ETF (XOMO) is an exchange-traded fund that mostly invests in energy equity. The fund seeks to provide current income and capped gains on the Exxon Mobil Corporation stock (XOM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. XOMO was launched on Aug 30, 2023 and is issued by YieldMax.