YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 1-Year Low – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.55 and last traded at $10.68, with a volume of 3116841 shares changing hands. The stock had previously closed at $10.70.

YieldMax Universe Fund of Option Income ETF Stock Down 0.2%

The business’s fifty day moving average is $12.33 and its 200-day moving average is $13.05.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.1743 per share. 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. This represents a dividend yield of 7,193.0%.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of YMAX. Virtue Capital Management LLC acquired a new position in YieldMax Universe Fund of Option Income ETF during the 2nd quarter worth about $164,000. Winnow Wealth LLC bought a new position in shares of YieldMax Universe Fund of Option Income ETF during the third quarter worth about $1,191,000. Finally, OLD Mission Capital LLC acquired a new position in shares of YieldMax Universe Fund of Option Income ETF in the first quarter worth approximately $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.