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

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $33.64 and last traded at $33.8270, with a volume of 177644 shares trading hands. The stock had previously closed at $34.45.

YieldMax Ultra Option Income Strategy ETF Stock Up 1.5%

The company has a 50-day moving average price of $37.10 and a 200-day moving average price of $46.44. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.09 and a beta of 1.74.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 19th. Investors of record on Wednesday, February 18th will be given a $0.4705 dividend. This represents a yield of 6,589.0%. The ex-dividend date of this dividend is Wednesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners acquired a new position in YieldMax Ultra Option Income Strategy ETF in the 4th quarter worth $26,000. Nations Financial Group Inc. IA ADV bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at $66,000. North Star Asset Management Inc. bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at about $136,000. SG Americas Securities LLC bought a new position in YieldMax Ultra Option Income Strategy ETF during the third quarter worth about $656,000. Finally, One Capital Management LLC acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter worth approximately $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

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.