YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Down 0.3% – Here’s What Happened

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s share price dropped 0.3% during trading on Wednesday . The company traded as low as $14.44 and last traded at $14.52. Approximately 557,054 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 784,239 shares. The stock had previously closed at $14.57.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Down 0.2%

The business has a 50-day moving average price of $14.78 and a two-hundred day moving average price of $15.19.

Institutional Investors Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. OLD Mission Capital LLC acquired a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 31,527 shares of the company’s stock, valued at approximately $471,000. OLD Mission Capital LLC owned approximately 0.16% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent filing with the Securities and Exchange Commission.

About YieldMax Magnificent 7 Fund of Option Income ETF

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.