YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 12-Month Low – Here’s What Happened

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.28 and last traded at $8.4750, with a volume of 1991819 shares trading hands. The stock had previously closed at $8.37.

YieldMax Universe Fund of Option Income ETF Trading Up 1.5%

The firm’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $11.22.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 19th. Shareholders of record on Wednesday, February 18th were issued a $0.088 dividend. The ex-dividend date was Wednesday, February 18th. This represents a yield of 4,793.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC purchased a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,930 shares of the company’s stock, valued at approximately $164,000.

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.