YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) Trading 4.6% Higher – Here’s What Happened

YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT)’s stock price shot up 4.6% on Friday . The stock traded as high as $10.27 and last traded at $10.24. 231,901 shares traded hands during trading, a decline of 34% from the average session volume of 351,731 shares. The stock had previously closed at $9.79.

YieldMax Bitcoin Option Income ETF Stock Up 4.6 %

The firm’s fifty day simple moving average is $11.85 and its 200 day simple moving average is $12.91.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Bitcoin Option Income ETF stock. OLD Mission Capital LLC bought a new position in YieldMax Bitcoin Option Income ETF (NYSEARCA:YBIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,447 shares of the company’s stock, valued at approximately $203,000. OLD Mission Capital LLC owned 4.11% of YieldMax Bitcoin Option Income ETF at the end of the most recent reporting period.

About YieldMax Bitcoin Option Income ETF

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.