YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Trading 1.5% Higher – Here’s What Happened

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) traded up 1.5% on Thursday . The stock traded as high as $8.01 and last traded at $7.98. 1,393,722 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 1,963,599 shares. The stock had previously closed at $7.86.

YieldMax Universe Fund of Option Income ETF Stock Performance

The company’s 50-day moving average price is $8.26 and its 200-day moving average price is $8.67.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Janney Montgomery Scott LLC bought a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,750 shares of the company’s stock, valued at approximately $123,000.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.