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

YieldMax Short NVDA Option Income Strategy ETF (NYSEARCA:DIPS) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,302 shares, a growth 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 volume of 8,225 shares, the days-to-cover ratio is presently 0.6 days.

YieldMax Short NVDA Option Income Strategy ETF Stock Up 1.2%

Shares of NYSEARCA DIPS traded up $0.48 during midday trading on Wednesday, reaching $40.20. The stock had a trading volume of 6,330 shares, compared to its average volume of 6,618. The company’s 50 day moving average price is $39.87 and its 200 day moving average price is $46.65. YieldMax Short NVDA Option Income Strategy ETF has a twelve month low of $36.09 and a twelve month high of $76.40.

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.