YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 1-Year Low – Here’s Why

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) reached a new 52-week low on Thursday . The company traded as low as $28.77 and last traded at $28.97, with a volume of 237052 shares. The stock had previously closed at $29.14.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The business’s 50 day simple moving average is $31.18 and its 200-day simple moving average is $33.85. The stock has a market capitalization of $796.48 million, a price-to-earnings ratio of 40.09 and a beta of 1.43.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners bought a new position in YieldMax Ultra Option Income Strategy ETF in the 4th quarter worth approximately $26,000. North Star Asset Management Inc. acquired a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at approximately $136,000. Finally, One Capital Management LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.