YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 1-Year Low – Should You Sell?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $30.81 and last traded at $30.96, with a volume of 205238 shares traded. The stock had previously closed at $31.67.

YieldMax Ultra Option Income Strategy ETF Stock Down 3.7%

The firm has a 50 day moving average of $34.64 and a two-hundred day moving average of $42.08. The firm has a market capitalization of $1.02 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 announced a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.4705 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a yield of 6,933.0%.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at approximately $656,000. Nations Financial Group Inc. IA ADV acquired a new stake in YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $66,000. North Star Asset Management Inc. bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth $136,000. One Capital Management LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth $1,108,000. Finally, Arax Advisory Partners acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF during the fourth quarter worth $26,000.

About YieldMax Ultra Option Income Strategy ETF

(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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