YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Trading 12.4% Higher – Here’s Why

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOYGet Free Report) shares rose 12.4% on Thursday . The company traded as high as $12.76 and last traded at $11.87. Approximately 370,314 shares changed hands during trading, an increase of 205% from the average daily volume of 121,501 shares. The stock had previously closed at $10.56.

YieldMax SNOW Option Income Strategy ETF Price Performance

The company’s 50-day simple moving average is $11.04 and its 200-day simple moving average is $9.46.

YieldMax SNOW Option Income Strategy ETF Company Profile

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The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.

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