# YieldMax META Option Income Strategy ETF (FBY) — Overview

FBY · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/fby

## Price

Last close $9.46 on Oct 15, 2026. 52-week range $8.03 – $15.57.

## Fund profile

FBY 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.

| Metric | Value |
| --- | --- |
| Issuer | Tidal Investments LLC |
| Industry | Technology |
| Inception | Jul 27, 2023 |
| Assets under management | $117.9M |
| Expense ratio | 0.99% |
| Net asset value | $9.44 (as of Oct 15, 2026) |
| Distributions | Weekly |
| Leverage | 1x |

## Frequently Asked Questions

### What is YieldMax META Option Income Strategy ETF (FBY)?

FBY 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.

### What is FBY's expense ratio?

YieldMax META Option Income Strategy ETF charges an annual expense ratio of 0.99%. The fund is issued by Tidal Investments LLC.

### How large is FBY?

YieldMax META Option Income Strategy ETF manages $117.9M in assets and has traded since Jul 27, 2023.

### How do I buy shares of YieldMax META Option Income Strategy ETF (FBY)?

FBY trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).