YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Trading Up 1.3% – Still a Buy?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was up 1.3% on Thursday . The stock traded as high as $8.66 and last traded at $8.62. Approximately 1,865,541 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 1,949,846 shares. The stock had previously closed at $8.51.

YieldMax Universe Fund of Option Income ETF Stock Down 2.0%

The company’s fifty day moving average is $8.26 and its two-hundred day moving average is $9.45.

Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Janney Montgomery Scott LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,750 shares of the company’s stock, valued at approximately $123,000.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.