YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Sees Large Volume Increase – Should You Buy?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares saw unusually-high trading volume on Monday . Approximately 853,754 shares changed hands during trading, an increase of 71% from the previous session’s volume of 499,053 shares.The stock last traded at $42.5380 and had previously closed at $40.41.

YieldMax COIN Option Income Strategy ETF Stock Performance

The business has a 50-day moving average of $47.97 and a two-hundred day moving average of $67.17.

YieldMax COIN Option Income Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.932 per share. This represents a dividend yield of 5,587.0%. The ex-dividend date of this dividend was Friday, January 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CONY. ORG Partners LLC acquired a new stake in YieldMax COIN Option Income Strategy ETF during the third quarter worth $26,000. Sound Income Strategies LLC bought a new position in shares of YieldMax COIN Option Income Strategy ETF during the 2nd quarter worth about $37,000. Arkadios Wealth Advisors acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at about $91,000. Captrust Financial Advisors increased its stake in YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after acquiring an additional 13,949 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in YieldMax COIN Option Income Strategy ETF in the third quarter valued at about $202,000.

YieldMax COIN Option Income Strategy ETF Company Profile

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.