YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sees Strong Trading Volume – Still a Buy?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) saw unusually-high trading volume on Thursday . Approximately 2,921,869 shares were traded during mid-day trading, an increase of 307% from the previous session’s volume of 718,699 shares.The stock last traded at $31.63 and had previously closed at $31.23.

YieldMax Ultra Option Income Strategy ETF Trading Up 1.2%

The stock has a market capitalization of $860.20 million, a PE ratio of 40.09 and a beta of 1.42. The firm has a 50 day moving average of $31.43 and a two-hundred day moving average of $35.38.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

Several hedge funds have recently bought and sold shares of ULTY. Arax Advisory Partners purchased a new position in YieldMax Ultra Option Income Strategy ETF in the 4th quarter valued at approximately $26,000. North Star Asset Management Inc. purchased a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at approximately $136,000. Finally, One Capital Management LLC purchased a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at approximately $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

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.