YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Shares Scheduled to Reverse Split on Tuesday, December 2nd

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) shares are set to reverse split before the market opens on Tuesday, December 2nd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, December 1st.

YieldMax Short COIN Option Income Strategy ETF Stock Performance

FIAT opened at $2.68 on Friday. The stock’s 50 day simple moving average is $2.63 and its 200 day simple moving average is $3.42. YieldMax Short COIN Option Income Strategy ETF has a 1 year low of $2.28 and a 1 year high of $9.77.

YieldMax Short COIN Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 28th will be given a dividend of $0.0517 per share. This represents a yield of 12,098.0%. The ex-dividend date of this dividend is Friday, November 28th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Short COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors purchased a new stake in shares of YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,000 shares of the company’s stock, valued at approximately $57,000. Arkadios Wealth Advisors owned approximately 0.12% of YieldMax Short COIN Option Income Strategy ETF as of its most recent SEC filing.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.