YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Stock Price Down 1.7% – Time to Sell?

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY)’s stock price dropped 1.7% during trading on Wednesday . The stock traded as low as $51.55 and last traded at $51.55. Approximately 320,723 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 384,901 shares. The stock had previously closed at $52.46.

YieldMax PLTR Option Income Strategy ETF Trading Down 1.7%

The business’s 50-day moving average price is $56.81 and its two-hundred day moving average price is $62.25.

YieldMax PLTR Option Income Strategy ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.7407 dividend. This represents a yield of 9,452.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On YieldMax PLTR Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax PLTR Option Income Strategy ETF stock. Sunbelt Securities Inc. lifted its holdings in YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) by 10,029.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,573 shares of the company’s stock after purchasing an additional 13,439 shares during the quarter. Sunbelt Securities Inc. owned about 0.13% of YieldMax PLTR Option Income Strategy ETF worth $886,000 as of its most recent SEC filing.

YieldMax PLTR Option Income Strategy ETF Company Profile

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.