YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Up 1% – Here’s Why

Shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAGGet Free Report) shot up 1% during trading on Tuesday . The stock traded as high as $14.19 and last traded at $14.15. 1,616,027 shares changed hands during trading, an increase of 12% from the average session volume of 1,447,174 shares. The stock had previously closed at $14.01.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Up 1.0%

The stock’s 50-day moving average is $14.29 and its 200 day moving average is $15.00.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 28th will be paid a $0.0503 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a dividend yield of 2,771.0%.

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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