YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Hits New 12-Month Low – Here’s Why

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares hit a new 52-week low on Thursday . The stock traded as low as $5.18 and last traded at $5.1850, with a volume of 20325435 shares trading hands. The stock had previously closed at $5.61.

YieldMax COIN Option Income Strategy ETF Stock Down 7.4%

The company’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $7.73.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, November 7th. Investors of record on Thursday, November 6th were given a dividend of $0.0932 per share. This represents a yield of 8,479.0%. The ex-dividend date of this dividend was Thursday, November 6th.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

A number of large investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at about $26,000. Sound Income Strategies LLC acquired a new position in YieldMax COIN Option Income Strategy ETF during the 2nd quarter valued at approximately $37,000. Arkadios Wealth Advisors purchased a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth $91,000. OLD Mission Capital LLC acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF during the first quarter worth $148,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at $202,000.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.