YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLY) Stock Price Down 1.2% – Here’s What Happened

Shares of YieldMax NFLX Option Income Strategy ETF (NYSEARCA:NFLYGet Free Report) dropped 1.2% during mid-day trading on Wednesday . The company traded as low as $7.93 and last traded at $7.95. 88,530 shares were traded during trading, a decline of 39% from the average daily volume of 144,848 shares. The stock had previously closed at $8.05.

YieldMax NFLX Option Income Strategy ETF Trading Down 1.2%

The firm has a 50-day simple moving average of $9.58 and a 200-day simple moving average of $10.62.

YieldMax NFLX Option Income Strategy ETF Company Profile

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The YieldMax NFLX Option Income Strategy ETF (NFLY) is an exchange-traded fund that mostly invests in communication services equity. The fund seeks to provide current income and capped gains on the Netflix stock (NFLX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NFLY was launched on Aug 7, 2023 and is issued by YieldMax.

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