YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Stock Price Up 2.8% – Here’s What Happened

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares shot up 2.8% during mid-day trading on Friday . The stock traded as high as $27.92 and last traded at $27.53. 386,812 shares were traded during mid-day trading, a decline of 36% from the average session volume of 602,604 shares. The stock had previously closed at $26.79.

YieldMax COIN Option Income Strategy ETF Trading Up 2.8%

The company’s 50-day moving average is $36.17 and its two-hundred day moving average is $53.73.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, February 20th. Stockholders of record on Thursday, February 19th were paid a $0.4091 dividend. The ex-dividend date was Thursday, February 19th. This represents a dividend yield of 5,811.0%.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

Several large investors have recently bought and sold shares of the business. J.Safra Asset Management Corp bought a new position in YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at about $202,000. Captrust Financial Advisors raised its holdings in shares of YieldMax COIN Option Income Strategy ETF by 63.6% during the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after purchasing an additional 13,949 shares during the last quarter. FNY Investment Advisers LLC lifted its position in YieldMax COIN Option Income Strategy ETF by 1,592.2% during the third quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock valued at $933,000 after purchasing an additional 127,681 shares during the period. Arkadios Wealth Advisors bought a new position in YieldMax COIN Option Income Strategy ETF during the third quarter valued at approximately $91,000. Finally, ORG Partners LLC purchased a new stake in YieldMax COIN Option Income Strategy ETF in the third quarter worth approximately $26,000.

About YieldMax COIN Option Income Strategy ETF

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.