YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 52-Week Low – Should You Sell?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONYGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $5.18 and last traded at $5.1850, with a volume of 20325435 shares changing hands. The stock had previously closed at $5.61.

YieldMax COIN Option Income Strategy ETF Stock Performance

The business’s 50-day simple moving average is $6.61 and its two-hundred day simple moving average is $7.69.

YieldMax COIN Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, November 6th were given a dividend of $0.0932 per share. The ex-dividend date was Thursday, November 6th. This represents a dividend yield of 8,479.0%.

Institutional Trading of YieldMax COIN Option Income Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new position in YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at about $26,000. Sound Income Strategies LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF in the second quarter worth $37,000. Arkadios Wealth Advisors bought a new stake in YieldMax COIN Option Income Strategy ETF during the third quarter valued at $91,000. OLD Mission Capital LLC purchased a new position in YieldMax COIN Option Income Strategy ETF during the first quarter worth about $148,000. Finally, J.Safra Asset Management Corp bought a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth approximately $202,000.

About YieldMax COIN Option Income Strategy ETF

(Get Free Report)

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.

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