YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Hits New 1-Year Low – Time to Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low during trading on Thursday . The company traded as low as $12.02 and last traded at $12.11, with a volume of 1156536 shares changing hands. The stock had previously closed at $12.50.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The company’s 50 day moving average is $13.63 and its 200 day moving average is $13.85.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in NVDY. Sunbelt Securities Inc. lifted its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 1.9% in the 1st quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock valued at $3,206,000 after purchasing an additional 4,538 shares during the last quarter. FNY Investment Advisers LLC grew its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 3,287.5% during the fourth quarter. FNY Investment Advisers LLC now owns 81,300 shares of the company’s stock worth $1,187,000 after buying an additional 78,900 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of YieldMax NVDA Option Income Strategy ETF in the second quarter valued at approximately $773,000.

About YieldMax NVDA Option Income Strategy ETF

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.