YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sets New 12-Month Low – What’s Next?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $37.00 and last traded at $37.3030, with a volume of 212652 shares changing hands. The stock had previously closed at $37.55.

YieldMax Ultra Option Income Strategy ETF Price Performance

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 40.09 and a beta of 1.74. The business has a fifty day moving average price of $39.29 and a 200 day moving average price of $50.50.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, January 14th were issued a $0.4705 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a yield of 7,180.0%.

Institutional Investors Weigh In On YieldMax Ultra Option Income Strategy ETF

Several hedge funds have recently made changes to their positions in the stock. One Capital Management LLC acquired a new stake in YieldMax Ultra Option Income Strategy ETF during the third quarter worth about $1,108,000. North Star Asset Management Inc. bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth approximately $136,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter worth approximately $66,000. Finally, SG Americas Securities LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter valued at approximately $656,000.

About YieldMax Ultra Option Income Strategy ETF

(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.

Further Reading

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