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) shares reached a new 52-week low on Thursday. The company traded as low as $8.42 and last traded at $8.3250, with a volume of 653,724 shares trading hands. The stock had previously closed at $9.56.

YieldMax NVDA Option Income Strategy ETF Price Performance

The stock’s 50 day simple moving average is $12.04 and its two-hundred day simple moving average is $12.99. The stock has a market capitalization of $979.63 million, a PE ratio of 38.83 and a beta of 1.31.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in YieldMax NVDA Option Income Strategy ETF by 1.9% in the first quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock worth $3,206,000 after buying an additional 4,538 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of YieldMax NVDA Option Income Strategy ETF by 29.2% in the third 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 during the period. Finally, Versant Capital Management Inc raised its stake in shares of YieldMax NVDA Option Income Strategy ETF by 36.4% in the second quarter. Versant Capital Management Inc now owns 3,213 shares of the company’s stock valued at $40,000 after buying an additional 858 shares during the period.

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.