YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Shares Down 1% – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s stock price fell 1% on Monday . The stock traded as low as $13.98 and last traded at $14.20. 4,725,496 shares traded hands during trading, a decline of 9% from the average session volume of 5,221,188 shares. The stock had previously closed at $14.34.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The stock has a 50 day simple moving average of $13.67 and a 200 day simple moving average of $14.23.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in YieldMax NVDA Option Income Strategy ETF during the 3rd quarter worth $40,000. Arkadios Wealth Advisors acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at $169,000. Colonial Trust Advisors increased its stake in shares of YieldMax NVDA Option Income Strategy ETF by 559.8% in the 3rd quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock valued at $360,000 after purchasing an additional 18,199 shares during the last quarter. Jump Financial LLC acquired a new position in shares of YieldMax NVDA Option Income Strategy ETF during the 2nd quarter worth $773,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 4.7% during the 4th quarter. Sunbelt Securities Inc. now owns 242,462 shares of the company’s stock worth $3,542,000 after buying an additional 10,851 shares in the last quarter.

YieldMax NVDA Option Income Strategy ETF Company Profile

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.