Shares of YieldMax BABA Option Income Strategy ETF (NYSEARCA:BABO – Get Free Report) traded down 5.9% on Friday . The company traded as low as $10.01 and last traded at $10.02. 58,643 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 61,115 shares. The stock had previously closed at $10.65.
YieldMax BABA Option Income Strategy ETF Price Performance
The stock has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $12.78.
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.
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