YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sets New 12-Month Low – Here’s What Happened

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as $31.82 and last traded at $31.86, with a volume of 178016 shares. The stock had previously closed at $32.13.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The stock’s fifty day moving average is $36.10 and its two-hundred day moving average is $44.21. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 40.09 and a beta of 1.74.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.4705 per share. This represents a dividend yield of 6,933.0%. The ex-dividend date of this dividend was Wednesday, February 25th.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

Several large investors have recently bought and sold shares of ULTY. Arax Advisory Partners bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 4th quarter worth about $26,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter valued at approximately $66,000. North Star Asset Management Inc. acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter valued at approximately $136,000. SG Americas Securities LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF during the third quarter worth approximately $656,000. Finally, One Capital Management LLC acquired a new stake in YieldMax Ultra Option Income Strategy ETF in the third quarter worth 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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