YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Sets New 1-Year Low – Time to Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.93 and last traded at $11.93, with a volume of 2257680 shares changing hands. The stock had previously closed at $12.53.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The firm has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $13.56.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in YieldMax NVDA Option Income Strategy ETF by 36.4% in the 2nd quarter. Versant Capital Management Inc now owns 3,213 shares of the company’s stock worth $40,000 after purchasing an additional 858 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 1.9% in the first quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock worth $3,206,000 after buying an additional 4,538 shares during the period. FNY Investment Advisers LLC boosted its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 3,287.5% in the fourth quarter. FNY Investment Advisers LLC now owns 81,300 shares of the company’s stock worth $1,187,000 after buying an additional 78,900 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF in the second quarter worth approximately $773,000.

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.