YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) Trading Down 1% – What’s Next?

YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY)’s share price fell 1% during mid-day trading on Friday . The company traded as low as $30.92 and last traded at $31.11. 87,443 shares changed hands during trading, a decline of 56% from the average session volume of 197,633 shares. The stock had previously closed at $31.43.

YieldMax AMD Option Income Strategy ETF Stock Down 1.0%

The stock has a market capitalization of $142.17 million, a price-to-earnings ratio of 75.84 and a beta of 1.80. The business’s 50-day moving average is $36.63 and its two-hundred day moving average is $40.68.

YieldMax AMD Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 20th. Stockholders of record on Thursday, February 19th were given a $0.3984 dividend. The ex-dividend date was Thursday, February 19th. This represents a dividend yield of 4,621.0%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax AMD Option Income Strategy ETF stock. Westend Capital Management LLC bought a new position in shares of YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,214 shares of the company’s stock, valued at approximately $264,000. Westend Capital Management LLC owned 0.16% of YieldMax AMD Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax AMD Option Income Strategy ETF Company Profile

The YieldMax AMD Option Income Strategy ETF (AMDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Advanced Micro Devices, Inc stock (AMD) through a synthetic covered call strategy, collateralized by cash and US Treasurys AMDY was launched on Sep 18, 2023 and is issued by YieldMax.