YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 12-Month Low – Time to Sell?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $42.41 and last traded at $43.4210, with a volume of 180875 shares changing hands. The stock had previously closed at $42.72.

YieldMax COIN Option Income Strategy ETF Stock Performance

The business’s 50 day moving average price is $55.02 and its 200 day moving average price is $71.14.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 19th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.932 per share. This represents a yield of 6,187.0%. The ex-dividend date is Thursday, December 18th.

Institutional Trading of YieldMax COIN Option Income Strategy ETF

Institutional investors have recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the third quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new stake in YieldMax COIN Option Income Strategy ETF during the 2nd quarter worth $37,000. Arkadios Wealth Advisors purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the third quarter worth $91,000. OLD Mission Capital LLC acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF in the first quarter valued at about $148,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at about $202,000.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.