YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 12-Month Low – Should You Sell?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $35.32 and last traded at $35.71, with a volume of 916770 shares. The stock had previously closed at $35.71.

YieldMax Ultra Option Income Strategy ETF Stock Up 3.9%

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 40.09 and a beta of 1.74. The business has a fifty day simple moving average of $37.94 and a two-hundred day simple moving average of $48.07.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 5th. Stockholders of record on Wednesday, February 4th were issued a $0.4705 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a dividend yield of 6,831.0%.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the third quarter worth approximately $656,000. One Capital Management LLC acquired a new stake in YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at $1,108,000. North Star Asset Management Inc. acquired a new stake in YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at $136,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at $66,000.

About YieldMax Ultra Option Income Strategy ETF

(Get Free Report)

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.

Further Reading

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