YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 12-Month Low – Here’s What Happened

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $36.22 and last traded at $36.1950, with a volume of 570211 shares changing hands. The stock had previously closed at $37.15.

YieldMax Ultra Option Income Strategy ETF Price Performance

The stock has a market capitalization of $1.21 billion, a P/E ratio of 40.09 and a beta of 1.74. The stock’s 50-day simple moving average is $38.57 and its 200 day simple moving average is $49.34.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 29th. Shareholders of record on Wednesday, January 28th will be issued a $0.4705 dividend. This represents a yield of 7,028.0%. The ex-dividend date of this dividend is Wednesday, January 28th.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of ULTY. Nations Financial Group Inc. IA ADV acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter worth approximately $66,000. North Star Asset Management Inc. bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at $136,000. SG Americas Securities LLC acquired a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter worth $656,000. Finally, One Capital Management LLC bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter worth $1,108,000.

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.

Further Reading

Receive News & Ratings for YieldMax Ultra Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax Ultra Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.