YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Sets New 12-Month Low – Here’s What Happened

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $8.42 and last traded at $8.3250, with a volume of 653,724 shares changing hands. The stock had previously closed at $9.56.

YieldMax NVDA Option Income Strategy ETF Price Performance

The firm has a market capitalization of $979.63 million, a PE ratio of 38.83 and a beta of 1.31. The company’s fifty day simple moving average is $12.04 and its 200 day simple moving average is $12.99.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in YieldMax NVDA Option Income Strategy ETF by 36.4% in the 2nd quarter. Versant Capital Management Inc now owns 3,213 shares of the company’s stock worth $40,000 after buying an additional 858 shares during the period. Bogart Wealth LLC grew its stake in YieldMax NVDA Option Income Strategy ETF by 29.2% in the 3rd quarter. Bogart Wealth LLC now owns 6,687 shares of the company’s stock valued at $85,000 after buying an additional 1,510 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of YieldMax NVDA Option Income Strategy ETF by 1.9% during the first quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock worth $3,206,000 after acquiring an additional 4,538 shares in the last 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.