YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 12-Month Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares hit a new 52-week low on Tuesday . The company traded as low as $38.47 and last traded at $38.3570, with a volume of 196290 shares traded. The stock had previously closed at $40.15.

YieldMax COIN Option Income Strategy ETF Stock Down 5.1%

The business has a 50 day moving average of $44.65 and a 200-day moving average of $63.89.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 16th. Investors of record on Thursday, January 15th were paid a dividend of $0.4091 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a dividend yield of 5,170.0%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CONY. FNY Investment Advisers LLC lifted its holdings in YieldMax COIN Option Income Strategy ETF by 1,592.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock valued at $933,000 after purchasing an additional 127,681 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at approximately $91,000. J.Safra Asset Management Corp acquired a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at approximately $202,000. ORG Partners LLC purchased a new position in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at approximately $26,000. Finally, Captrust Financial Advisors boosted its position in YieldMax COIN Option Income Strategy ETF by 63.6% during the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock worth $327,000 after acquiring an additional 13,949 shares during the last quarter.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.