YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 1-Year Low – Should You Sell?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $8.91 and last traded at $9.05, with a volume of 3534176 shares changing hands. The stock had previously closed at $9.23.

YieldMax Universe Fund of Option Income ETF Trading Down 2.0%

The company’s 50-day moving average is $10.20 and its two-hundred day moving average is $11.72.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 5th. Stockholders of record on Wednesday, February 4th will be paid a $0.088 dividend. The ex-dividend date is Wednesday, February 4th. This represents a dividend yield of 4,717.0%.

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF comprises approximately 0.9% of Winnow Wealth LLC’s investment portfolio, making the stock its 21st largest position. Winnow Wealth LLC owned approximately 0.12% of YieldMax Universe Fund of Option Income ETF as of its most recent filing with the Securities & Exchange Commission.

About YieldMax Universe Fund of Option Income ETF

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.