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

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDYGet Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.90 and last traded at $16.24, with a volume of 1530004 shares. The stock had previously closed at $16.30.

YieldMax NVDA Option Income Strategy ETF Stock Up 1.6 %

The stock’s fifty day simple moving average is $20.93 and its 200-day simple moving average is $23.31.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 27th were issued a $0.8983 dividend. The ex-dividend date was Thursday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDY. MassMutual Private Wealth & Trust FSB purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth $58,000. Sunbelt Securities Inc. raised its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 39.9% during the third quarter. Sunbelt Securities Inc. now owns 177,744 shares of the company’s stock worth $4,259,000 after purchasing an additional 50,734 shares during the last quarter. Westend Capital Management LLC raised its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 131.6% during the fourth quarter. Westend Capital Management LLC now owns 32,584 shares of the company’s stock worth $761,000 after purchasing an additional 18,512 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth $70,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth $210,000.

About YieldMax NVDA Option Income Strategy ETF

(Get Free Report)

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.

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