YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 52-Week Low – Here’s Why

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $8.24 and last traded at $8.48, with a volume of 2178091 shares. The stock had previously closed at $8.40.

YieldMax Universe Fund of Option Income ETF Price Performance

The stock’s fifty day simple moving average is $9.23 and its two-hundred day simple moving average is $10.88.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 25th were issued a $0.088 dividend. This represents a dividend yield of 4,317.0%. The ex-dividend date was Wednesday, February 25th.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

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

YieldMax Universe Fund of Option Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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