YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Sets New 1-Year Low – Here’s Why

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low on Thursday. The company traded as low as $10.48 and last traded at $10.3580, with a volume of 403,942 shares. The stock had previously closed at $11.02.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The business has a fifty day simple moving average of $12.32 and a two-hundred day simple moving average of $13.11.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

An institutional investor recently raised its stake in YieldMax NVDA Option Income Strategy ETF stock. Versant Capital Management Inc grew its position in shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 36.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,213 shares of the company’s stock after buying an additional 858 shares during the period. Versant Capital Management Inc’s holdings in YieldMax NVDA Option Income Strategy ETF were worth $40,000 at the end of the most recent quarter.

YieldMax NVDA Option Income Strategy ETF Company Profile

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.