YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 52-Week Low – Here’s What Happened

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.93 and last traded at $11.93, with a volume of 2257680 shares trading hands. The stock had previously closed at $12.53.

YieldMax NVDA Option Income Strategy ETF Trading Down 4.4%

The company has a fifty day moving average of $12.97 and a 200 day moving average of $13.56.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in YieldMax NVDA Option Income Strategy ETF by 36.4% in the 2nd quarter. Versant Capital Management Inc now owns 3,213 shares of the company’s stock valued at $40,000 after acquiring an additional 858 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of 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 during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 3,287.5% in the 4th quarter. FNY Investment Advisers LLC now owns 81,300 shares of the company’s stock worth $1,187,000 after purchasing an additional 78,900 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in YieldMax NVDA Option Income Strategy ETF during the second quarter valued at approximately $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.