YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Reaches New 52-Week Low – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.03 and last traded at $11.1530, with a volume of 1171964 shares changing hands. The stock had previously closed at $11.28.

YieldMax Universe Fund of Option Income ETF Trading Down 1.7%

The company has a fifty day moving average of $12.58 and a two-hundred day moving average of $13.16.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 16th. Investors of record on Wednesday, October 15th were issued a dividend of $0.1743 per share. This is an increase from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16. This represents a yield of 7,193.0%. The ex-dividend date of this dividend was Wednesday, October 15th.

Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF in the 1st quarter valued at approximately $5,032,000. Virtue Capital Management LLC acquired a new stake in shares of YieldMax Universe Fund of Option Income ETF in the second quarter valued at about $164,000. Finally, Winnow Wealth LLC purchased a new position in YieldMax Universe Fund of Option Income ETF in the third quarter valued at about $1,191,000.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy.