YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Hits New 12-Month Low – Here’s What Happened

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $12.02 and last traded at $12.11, with a volume of 1156536 shares changing hands. The stock had previously closed at $12.50.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The stock has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $13.88.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC boosted its holdings in YieldMax NVDA Option Income Strategy ETF by 3,287.5% in the 4th quarter. FNY Investment Advisers LLC now owns 81,300 shares of the company’s stock worth $1,187,000 after acquiring an additional 78,900 shares during the period. Jump Financial LLC purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the second quarter valued at approximately $773,000. Sunbelt Securities Inc. raised its stake in shares of YieldMax NVDA Option Income Strategy ETF by 1.9% during the first quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock valued at $3,206,000 after purchasing an additional 4,538 shares during the period. Finally, Colonial Trust Advisors lifted its position in shares of YieldMax NVDA Option Income Strategy ETF by 559.8% during the third quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock worth $360,000 after purchasing an additional 18,199 shares in the last quarter.

YieldMax NVDA Option Income Strategy ETF Company Profile

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.