YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Reaches New 52-Week Low – Time to Sell?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $8.31 and last traded at $8.4850, with a volume of 1890459 shares. The stock had previously closed at $8.46.

YieldMax Universe Fund of Option Income ETF Trading Up 0.1%

The business’s 50-day simple moving average is $9.83 and its 200 day simple moving average is $11.39.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 18th will be issued a dividend of $0.088 per share. The ex-dividend date is Wednesday, February 18th. This represents a yield of 4,461.0%.

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

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC purchased a new position in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF makes up about 0.9% of Winnow Wealth LLC’s investment portfolio, making the stock its 21st largest position. Winnow Wealth LLC owned 0.12% of YieldMax Universe Fund of Option Income ETF at the end of the most recent quarter.

About YieldMax Universe Fund of Option Income ETF

(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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