YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 1-Year Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $38.47 and last traded at $38.3570, with a volume of 196290 shares changing hands. The stock had previously closed at $40.15.

YieldMax COIN Option Income Strategy ETF Stock Down 1.9%

The company’s 50 day moving average price is $43.64 and its 200 day moving average price is $63.15.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 23rd. Stockholders of record on Thursday, January 22nd will be issued a $0.4091 dividend. This represents a dividend yield of 3,094.0%. The ex-dividend date of this dividend is Thursday, January 22nd.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its stake in shares of YieldMax COIN Option Income Strategy ETF by 1,592.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock worth $933,000 after purchasing an additional 127,681 shares during the period. Arkadios Wealth Advisors purchased a new position in YieldMax COIN Option Income Strategy ETF in the third quarter valued at about $91,000. J.Safra Asset Management Corp purchased a new position in YieldMax COIN Option Income Strategy ETF in the third quarter valued at about $202,000. ORG Partners LLC acquired a new stake in shares of YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at approximately $26,000. Finally, Captrust Financial Advisors grew its holdings in shares of YieldMax COIN Option Income Strategy ETF by 63.6% in the 2nd quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock worth $327,000 after acquiring an additional 13,949 shares during the period.

YieldMax COIN Option Income Strategy ETF Company Profile

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.