YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Stock Price Down 2.2% – Should You Sell?

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY)’s stock price was down 2.2% during trading on Wednesday . The company traded as low as $38.04 and last traded at $38.63. Approximately 166,166 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 331,135 shares. The stock had previously closed at $39.50.

YieldMax PLTR Option Income Strategy ETF Trading Down 2.2%

The business has a fifty day moving average price of $49.78 and a two-hundred day moving average price of $58.04.

YieldMax PLTR Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, February 12th will be issued a $0.4508 dividend. This represents a yield of 5,176.0%. The ex-dividend date is Thursday, February 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in shares of YieldMax PLTR Option Income Strategy ETF by 10,029.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock valued at $886,000 after buying an additional 13,439 shares during the period. Private Wealth Asset Management LLC purchased a new position in YieldMax PLTR Option Income Strategy ETF during the 4th quarter valued at about $262,000. Finally, FNY Investment Advisers LLC acquired a new position in YieldMax PLTR Option Income Strategy ETF in the 4th quarter valued at about $123,000.

YieldMax PLTR Option Income Strategy ETF Company Profile

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.