YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Stock Price Down 5.6% – Here’s Why

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) was down 5.6% during trading on Friday . The stock traded as low as $7.92 and last traded at $8.04. Approximately 3,991,333 shares changed hands during trading, an increase of 102% from the average daily volume of 1,978,567 shares. The stock had previously closed at $8.52.

YieldMax Universe Fund of Option Income ETF Stock Performance

The firm’s 50 day simple moving average is $8.30 and its 200 day simple moving average is $9.11.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

An institutional investor recently raised its position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC raised its holdings in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,928 shares of the company’s stock after purchasing an additional 19,308 shares during the quarter. YieldMax Universe Fund of Option Income ETF accounts for approximately 0.8% of Winnow Wealth LLC’s investment portfolio, making the stock its 17th largest holding. Winnow Wealth LLC owned approximately 0.19% of YieldMax Universe Fund of Option Income ETF worth $1,109,000 as of its most recent SEC filing.

YieldMax Universe Fund of Option Income ETF Company Profile

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.