YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 1-Year Low – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) hit a new 52-week low during trading on Monday . The stock traded as low as $12.47 and last traded at $12.50, with a volume of 1019557 shares trading hands. The stock had previously closed at $12.54.

YieldMax NVDA Option Income Strategy ETF Trading Up 4.8%

The firm’s 50-day simple moving average is $13.79 and its two-hundred day simple moving average is $14.80.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

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

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds have recently bought and sold shares of NVDY. FNY Investment Advisers LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF during the third quarter worth $40,000. Arkadios Wealth Advisors acquired a new stake in YieldMax NVDA Option Income Strategy ETF in the third quarter valued at $169,000. J.Safra Asset Management Corp acquired a new stake in YieldMax NVDA Option Income Strategy ETF in the third quarter valued at $264,000. Colonial Trust Advisors increased its position in shares of 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 buying an additional 18,199 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC acquired a new position in shares of YieldMax NVDA Option Income Strategy ETF during the 3rd quarter worth $375,000.

YieldMax NVDA Option Income Strategy ETF Company Profile

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.