YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Trading Up 1% – Still a Buy?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shot up 1% on Wednesday . The stock traded as high as $14.78 and last traded at $14.72. 3,153,000 shares changed hands during trading, a decline of 42% from the average session volume of 5,391,222 shares. The stock had previously closed at $14.57.

YieldMax NVDA Option Income Strategy ETF Price Performance

The firm’s 50 day simple moving average is $14.53 and its 200-day simple moving average is $15.84.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be paid a dividend of $0.1054 per share. This represents a dividend yield of 3,801.0%. The ex-dividend date is Thursday, January 29th.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF during the 3rd quarter worth approximately $40,000. Arkadios Wealth Advisors purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at approximately $169,000. J.Safra Asset Management Corp acquired a new position in YieldMax NVDA Option Income Strategy ETF during the third quarter worth $264,000. Colonial Trust Advisors raised its position in YieldMax NVDA Option Income Strategy ETF by 559.8% in the third quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock worth $360,000 after acquiring an additional 18,199 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC purchased a new position in YieldMax NVDA Option Income Strategy ETF in the third quarter worth $375,000.

YieldMax NVDA Option Income Strategy ETF Company Profile

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.