YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sets New 52-Week Low – Here’s Why

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $33.64 and last traded at $33.8270, with a volume of 177644 shares. The stock had previously closed at $34.45.

YieldMax Ultra Option Income Strategy ETF Price Performance

The firm has a market capitalization of $1.15 billion, a P/E ratio of 40.09 and a beta of 1.74. The company has a fifty day moving average of $37.34 and a 200 day moving average of $46.70.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, February 11th were given a dividend of $0.4705 per share. The ex-dividend date was Wednesday, February 11th. This represents a dividend yield of 6,720.0%.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

Institutional investors have recently bought and sold shares of the company. Arax Advisory Partners acquired a new stake in YieldMax Ultra Option Income Strategy ETF during the 4th quarter worth about $26,000. One Capital Management LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at about $1,108,000. North Star Asset Management Inc. acquired a new stake in YieldMax Ultra Option Income Strategy ETF during the third quarter worth approximately $136,000. Nations Financial Group Inc. IA ADV bought a new stake in YieldMax Ultra Option Income Strategy ETF in the third quarter worth approximately $66,000. Finally, SG Americas Securities LLC acquired a new position in YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $656,000.

About YieldMax Ultra Option Income Strategy ETF

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.