YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 12-Month Low – Here’s What Happened

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shares hit a new 52-week low during trading on Thursday. The company traded as low as $11.56 and last traded at $11.6150, with a volume of 2,339,157 shares trading hands. The stock had previously closed at $12.07.

YieldMax NVDA Option Income Strategy ETF Price Performance

The company’s 50 day simple moving average is $12.57 and its two-hundred day simple moving average is $12.96.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax NVDA Option Income Strategy ETF stock. Sunbelt Securities Inc. increased its position in shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,000 shares of the company’s stock after acquiring an additional 4,538 shares during the period. Sunbelt Securities Inc. owned about 0.24% of YieldMax NVDA Option Income Strategy ETF worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

About YieldMax NVDA Option Income Strategy ETF

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.