YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sees Large Volume Increase – Still a Buy?

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report) saw an uptick in trading volume on Thursday . 1,648,808 shares traded hands during trading, an increase of 124% from the previous session’s volume of 737,339 shares.The stock last traded at $30.54 and had previously closed at $30.49.

YieldMax Ultra Option Income Strategy ETF Trading Up 0.3%

The firm has a market capitalization of $872.16 million, a PE ratio of 40.09 and a beta of 1.74. The business has a 50-day moving average of $33.93 and a 200 day moving average of $41.19.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 25th were paid a $0.4705 dividend. The ex-dividend date was Wednesday, February 25th. This represents a yield of 6,933.0%.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ULTY. Arax Advisory Partners bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 4th quarter valued at about $26,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $66,000. North Star Asset Management Inc. bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at approximately $656,000. Finally, One Capital Management LLC bought a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth approximately $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.

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