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

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s share price hit a new 52-week low on Monday . The stock traded as low as $25.21 and last traded at $25.3410, with a volume of 91973 shares trading hands. The stock had previously closed at $25.73.

YieldMax Ultra Option Income Strategy ETF Stock Down 1.8%

The stock has a market capitalization of $724.13 million, a P/E ratio of 40.09 and a beta of 1.45. The firm’s 50-day simple moving average is $26.94 and its 200 day simple moving average is $29.83.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Ultra Option Income Strategy ETF stock. Arax Advisory Partners purchased a new position in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 700 shares of the company’s stock, valued at approximately $26,000.

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.

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