YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Sets New 52-Week Low – Should You Sell?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as $8.91 and last traded at $9.05, with a volume of 3534176 shares. The stock had previously closed at $9.23.

YieldMax Universe Fund of Option Income ETF Price Performance

The stock has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $11.64.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 5th. Investors of record on Wednesday, February 4th were paid a dividend of $0.088 per share. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a yield of 4,829.0%.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC purchased a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF comprises approximately 0.9% of Winnow Wealth LLC’s holdings, making the stock its 21st biggest position. Winnow Wealth LLC owned 0.12% of YieldMax Universe Fund of Option Income ETF as of its most recent filing with the Securities & Exchange Commission.

About YieldMax Universe Fund of Option Income ETF

(Get Free Report)

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. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.

Further Reading

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