YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Hits New 1-Year Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONYGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $40.20 and last traded at $40.5660, with a volume of 111389 shares trading hands. The stock had previously closed at $40.50.

YieldMax COIN Option Income Strategy ETF Trading Down 0.2%

The firm’s fifty day moving average price is $50.79 and its two-hundred day moving average price is $68.98.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.932 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a yield of 6,278.0%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. ORG Partners LLC bought a new position in shares of YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at approximately $26,000. Sound Income Strategies LLC purchased a new position in YieldMax COIN Option Income Strategy ETF during the 2nd quarter worth $37,000. Arkadios Wealth Advisors purchased a new position in shares of YieldMax COIN Option Income Strategy ETF in the 3rd quarter valued at $91,000. OLD Mission Capital LLC acquired a new position in YieldMax COIN Option Income Strategy ETF during the 1st quarter valued at about $148,000. Finally, J.Safra Asset Management Corp acquired a new position in YieldMax COIN Option Income Strategy ETF during the third quarter valued at $202,000.

About YieldMax COIN Option Income Strategy ETF

(Get Free Report)

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.

See Also

Receive News & Ratings for YieldMax COIN Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax COIN Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.