YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Shares Down 0.3% – Here’s Why

Shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAGGet Free Report) were down 0.3% during trading on Wednesday . The stock traded as low as $14.44 and last traded at $14.52. Approximately 557,054 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 784,239 shares. The stock had previously closed at $14.57.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Down 0.3%

The company’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $15.19.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. OLD Mission Capital LLC purchased a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAGFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,527 shares of the company’s stock, valued at approximately $471,000. OLD Mission Capital LLC owned 0.16% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.

About YieldMax Magnificent 7 Fund of Option Income ETF

(Get Free Report)

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.

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