YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Trading Down 4.5% – Here’s Why

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIATGet Free Report)’s share price was down 4.5% during trading on Monday . The company traded as low as $16.07 and last traded at $16.17. Approximately 39,637 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 78,556 shares. The stock had previously closed at $16.94.

YieldMax Short COIN Option Income Strategy ETF Stock Performance

The firm has a fifty day moving average price of $20.38 and a 200 day moving average price of $23.04.

About YieldMax Short COIN Option Income Strategy ETF

(Get Free Report)

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.

Further Reading

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