YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Trading Down 1% – What’s Next?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDYGet Free Report)’s share price dropped 1% during mid-day trading on Friday . The stock traded as low as $13.49 and last traded at $13.52. Approximately 6,684,755 shares traded hands during trading, an increase of 21% from the average daily volume of 5,542,824 shares. The stock had previously closed at $13.66.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average is $14.10 and its two-hundred day moving average is $15.10.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.1054 dividend. The ex-dividend date was Thursday, February 26th. This represents a yield of 4,325.0%.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at $40,000. Arkadios Wealth Advisors acquired a new stake in YieldMax NVDA Option Income Strategy ETF during the 3rd quarter worth $169,000. J.Safra Asset Management Corp bought a new position in YieldMax NVDA Option Income Strategy ETF during the third quarter worth about $264,000. Colonial Trust Advisors grew its stake in YieldMax NVDA Option Income Strategy ETF by 559.8% in the third quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock valued at $360,000 after acquiring an additional 18,199 shares during the period. Finally, Meadowbrook Wealth Management LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF in the third quarter valued at about $375,000.

About YieldMax NVDA Option Income Strategy ETF

(Get Free Report)

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.

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