YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Reaches New 52-Week Low – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $9.47 and last traded at $9.4790, with a volume of 1251360 shares. The stock had previously closed at $9.70.

YieldMax Universe Fund of Option Income ETF Trading Down 2.4%

The business has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $11.82.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 29th. Investors of record on Wednesday, January 28th were paid a $0.088 dividend. This represents a yield of 4,449.0%. The ex-dividend date of this dividend was Wednesday, January 28th.

Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC bought a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,930 shares of the company’s stock, valued at approximately $164,000.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.