YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 1-Year Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONYGet Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $5.84 and last traded at $6.0050, with a volume of 2522388 shares changing hands. The stock had previously closed at $6.12.

YieldMax COIN Option Income Strategy ETF Stock Down 8.3%

The company’s fifty day simple moving average is $6.80 and its two-hundred day simple moving average is $7.81.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, November 6th will be issued a dividend of $0.0932 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a dividend yield of 8,479.0%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CONY. Captrust Financial Advisors increased its stake in YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after acquiring an additional 13,949 shares during the last quarter. J.Safra Asset Management Corp bought a new position in YieldMax COIN Option Income Strategy ETF in the third quarter valued at approximately $202,000. OLD Mission Capital LLC bought a new position in YieldMax COIN Option Income Strategy ETF in the first quarter valued at approximately $148,000. Arkadios Wealth Advisors bought a new position in YieldMax COIN Option Income Strategy ETF in the third quarter valued at approximately $91,000. Finally, Sound Income Strategies LLC bought a new position in YieldMax COIN Option Income Strategy ETF in the second quarter valued at approximately $37,000.

About YieldMax COIN Option Income Strategy ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for YieldMax COIN Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax COIN Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.