YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Sets New 12-Month Low – Here’s What Happened

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s share price reached a new 52-week low on Friday . The stock traded as low as $11.03 and last traded at $11.1530, with a volume of 1171964 shares changing hands. The stock had previously closed at $11.28.

YieldMax Universe Fund of Option Income ETF Stock Performance

The firm has a 50 day moving average price of $12.58 and a 200-day moving average price of $13.16.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 16th. Investors of record on Wednesday, October 15th were paid a $0.1743 dividend. This represents a yield of 7,193.0%. The ex-dividend date of this dividend was Wednesday, October 15th. This is an increase from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtue Capital Management LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF during the second quarter valued at $164,000. Winnow Wealth LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF during the 3rd quarter worth about $1,191,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF during the 1st quarter worth about $5,032,000.

YieldMax Universe Fund of Option Income ETF Company Profile

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.