YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Shares Gap Up – Here’s Why

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.94, but opened at $8.24. YieldMax COIN Option Income Strategy ETF shares last traded at $8.30, with a volume of 1,234,898 shares changing hands.

YieldMax COIN Option Income Strategy ETF Price Performance

The company’s 50-day moving average price is $11.99 and its 200-day moving average price is $13.69.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax COIN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new stake in YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,490 shares of the company’s stock, valued at approximately $137,000. Captrust Financial Advisors owned about 0.06% of YieldMax COIN Option Income Strategy ETF as of its most recent SEC filing.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.