YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Shares Down 4.6% – What’s Next?

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) shares fell 4.6% on Thursday . The company traded as low as $21.37 and last traded at $21.37. 38,175 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 84,868 shares. The stock had previously closed at $22.39.

YieldMax Short COIN Option Income Strategy ETF Stock Down 4.6%

The business’s 50-day moving average price is $23.27 and its 200-day moving average price is $26.04.

Institutional Investors Weigh In On YieldMax Short COIN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax Short COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors bought a new stake in shares of YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,000 shares of the company’s stock, valued at approximately $57,000. Arkadios Wealth Advisors owned 0.12% of YieldMax Short COIN Option Income Strategy ETF as of its most recent SEC filing.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.