YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) Stock Price Up 0.1% – Should You Buy?

YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARKGet Free Report)’s share price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $32.47 and last traded at $32.47. Approximately 10,083 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 17,860 shares. The stock had previously closed at $32.44.

YieldMax Innovation Option Income Strategy ETF Stock Performance

The company has a 50 day simple moving average of $35.76 and a two-hundred day simple moving average of $40.26.

YieldMax Innovation Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 20th. Investors of record on Thursday, February 19th will be given a dividend of $0.2382 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a yield of 3,653.0%.

Hedge Funds Weigh In On YieldMax Innovation Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax Innovation Option Income Strategy ETF stock. FNY Investment Advisers LLC acquired a new stake in shares of YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARKFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,260 shares of the company’s stock, valued at approximately $45,000. FNY Investment Advisers LLC owned about 0.07% of YieldMax Innovation Option Income Strategy ETF at the end of the most recent quarter.

About YieldMax Innovation Option Income Strategy ETF

(Get Free Report)

The YieldMax ARKK Option Income Strategy ETF (OARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. OARK was launched on Nov 22, 2022 and is managed by YieldMax.

Further Reading

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