YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) Sees Large Growth in Short Interest

YieldMax META Option Income Strategy ETF (NYSEARCA:FBY) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 195,575 shares, an increase of 83.2% from the September 30th total of 106,749 shares. Based on an average daily volume of 114,928 shares, the short-interest ratio is presently 1.7 days. Currently, 1.6% of the shares of the stock are sold short.

YieldMax META Option Income Strategy ETF Stock Down 1.3%

Shares of YieldMax META Option Income Strategy ETF stock opened at $7.80 on Tuesday. The stock has a market capitalization of $95.94 million, a P/E ratio of 26.70 and a beta of 1.18. YieldMax META Option Income Strategy ETF has a 12-month low of $7.80 and a 12-month high of $13.73. The company has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $10.04.

About YieldMax META Option Income Strategy ETF

The YieldMax META Option Income Strategy ETF (FBY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Meta Platforms stock (META) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options FBY was launched on Jul 27, 2023 and is issued by YieldMax.