YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Reaches New 52-Week Low – Time to Sell?

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $33.33 and last traded at $33.74, with a volume of 458089 shares trading hands. The stock had previously closed at $35.21.

YieldMax Ultra Option Income Strategy ETF Stock Down 0.6%

The firm’s fifty day moving average price is $36.35 and its 200-day moving average price is $44.66. The stock has a market cap of $1.13 billion, a P/E ratio of 40.09 and a beta of 1.74.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were given a $0.4705 dividend. The ex-dividend date was Wednesday, February 25th. This represents a dividend yield of 6,933.0%.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at about $656,000. North Star Asset Management Inc. purchased a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth approximately $136,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth approximately $66,000. Arax Advisory Partners purchased a new position in shares of YieldMax Ultra Option Income Strategy ETF during the fourth quarter valued at approximately $26,000. Finally, One Capital Management LLC purchased a new position in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter valued at approximately $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.

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