YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 12-Month Low – Should You Sell?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $4.46 and last traded at $4.4250, with a volume of 9405756 shares trading hands. The stock had previously closed at $4.53.

YieldMax Ultra Option Income Strategy ETF Trading Down 2.5%

The firm has a market cap of $2.32 billion, a P/E ratio of 40.09 and a beta of 1.74. The firm’s 50 day moving average is $5.29 and its two-hundred day moving average is $5.82.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

Large investors have recently bought and sold shares of the business. OLD Mission Capital LLC lifted its stake in YieldMax Ultra Option Income Strategy ETF by 341.7% in the first quarter. OLD Mission Capital LLC now owns 193,401 shares of the company’s stock valued at $1,170,000 after buying an additional 149,619 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth $656,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth $66,000. Finally, North Star Asset Management Inc. acquired a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth $136,000.

About YieldMax Ultra Option Income Strategy ETF

(Get Free Report)

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.

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