YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Trading Down 0.2% – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shares were down 0.2% during mid-day trading on Tuesday . The company traded as low as $12.67 and last traded at $13.16. Approximately 4,370,752 shares changed hands during trading, a decline of 12% from the average daily volume of 4,988,605 shares. The stock had previously closed at $13.19.

YieldMax NVDA Option Income Strategy ETF Trading Down 0.2%

The stock has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average of $14.02.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in YieldMax NVDA Option Income Strategy ETF during the 3rd quarter worth approximately $40,000. Sunbelt Securities Inc. lifted its stake in YieldMax NVDA Option Income Strategy ETF by 1.9% in the 1st quarter. Sunbelt Securities Inc. now owns 247,000 shares of the company’s stock worth $3,206,000 after purchasing an additional 4,538 shares in the last quarter. Colonial Trust Advisors boosted 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 purchasing an additional 18,199 shares during the period. Finally, Jump Financial LLC bought a new position in YieldMax NVDA Option Income Strategy ETF in the 2nd quarter valued at $773,000.

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.