YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT – Get Free Report) shares shot up 3.2% on Monday . The company traded as high as $20.11 and last traded at $19.92. 26,125 shares were traded during mid-day trading, a decline of 37% from the average session volume of 41,413 shares. The stock had previously closed at $19.30.
YieldMax Bitcoin Option Income ETF Stock Performance
The company has a 50-day simple moving average of $23.26 and a 200-day simple moving average of $27.43.
YieldMax Bitcoin Option Income ETF Company Profile
The YieldMax Bitcoin Option Income Strategy ETF (YBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a synthetic covered call strategy based on futures contracts against Bitcoin. The strategy aims to provide income in which gains are capped and losses are not YBIT was launched on Apr 22, 2024 and is issued by YieldMax.
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