YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Stock Price Down 0.6% – Time to Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shares were down 0.6% on Thursday . The company traded as low as $13.87 and last traded at $14.01. Approximately 5,488,836 shares were traded during trading, an increase of 4% from the average daily volume of 5,262,819 shares. The stock had previously closed at $14.10.

YieldMax NVDA Option Income Strategy ETF Trading Down 0.6%

The business has a fifty day simple moving average of $14.31 and a 200 day simple moving average of $15.50.

YieldMax NVDA 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 $0.1054 per share. This represents a yield of 3,504.0%. The ex-dividend date is Thursday, February 19th.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

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

About YieldMax NVDA Option Income Strategy ETF

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.