YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 52-Week Low – Time to Sell?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.55 and last traded at $10.68, with a volume of 3116841 shares changing hands. The stock had previously closed at $10.70.

YieldMax Universe Fund of Option Income ETF Trading Down 0.2%

The business has a fifty day moving average price of $12.33 and a 200 day moving average price of $13.05.

YieldMax Universe Fund of Option Income ETF Increases Dividend

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

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF in the first quarter valued at approximately $5,032,000. Winnow Wealth LLC acquired a new position in shares of YieldMax Universe Fund of Option Income ETF during the third quarter worth $1,191,000. Finally, Virtue Capital Management LLC bought a new position in shares of YieldMax Universe Fund of Option Income ETF in the 2nd quarter valued at $164,000.

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.