YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Shares Gap Down – Time to Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY – Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $10.22, but opened at $9.53. YieldMax NVDA Option Income Strategy ETF shares last traded at $9.7950, with a volume of 4,121,050 shares.

YieldMax NVDA Option Income Strategy ETF Trading Down 5.6%

The company has a fifty day moving average price of $12.09 and a two-hundred day moving average price of $13.02.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of NVDY. Versant Capital Management Inc raised its stake in YieldMax NVDA Option Income Strategy ETF by 36.4% during the second quarter. Versant Capital Management Inc now owns 3,213 shares of the company’s stock worth $40,000 after purchasing an additional 858 shares during the period. Bogart Wealth LLC raised its position in shares of YieldMax NVDA Option Income Strategy ETF by 29.2% during the 3rd quarter. Bogart Wealth LLC now owns 6,687 shares of the company’s stock valued at $85,000 after buying an additional 1,510 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of YieldMax NVDA Option Income Strategy ETF by 1.9% during the 1st quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock valued at $3,206,000 after buying an additional 4,538 shares during the period.

YieldMax NVDA Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.

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