YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Stock Price Down 1.1% – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s stock price fell 1.1% during mid-day trading on Wednesday . The stock traded as low as $10.23 and last traded at $10.27. 1,161,262 shares were traded during trading, a decline of 45% from the average session volume of 2,095,454 shares. The stock had previously closed at $10.38.

YieldMax Universe Fund of Option Income ETF Stock Down 1.1%

The firm’s 50-day moving average is $11.13 and its 200 day moving average is $12.49.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 15th were given a $0.1743 dividend. This is a boost from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16. This represents a dividend yield of 7,193.0%. The ex-dividend date was Wednesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtue Capital Management LLC purchased a new stake in YieldMax Universe Fund of Option Income ETF in the 2nd quarter valued at approximately $164,000. Winnow Wealth LLC purchased a new position in YieldMax Universe Fund of Option Income ETF during the third quarter worth $1,191,000. Finally, OLD Mission Capital LLC acquired a new position in shares of YieldMax Universe Fund of Option Income ETF in the first quarter worth $5,032,000.

YieldMax Universe Fund of Option Income ETF Company Profile

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.