YieldMax Innovation Option Income Strategy ETF Stock Set to Reverse Split on Tuesday, December 2nd (NYSEARCA:OARK)

YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) shares are scheduled to reverse split on Tuesday, December 2nd. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, December 1st.

YieldMax Innovation Option Income Strategy ETF Stock Down 0.5%

NYSEARCA:OARK opened at $7.50 on Thursday. YieldMax Innovation Option Income Strategy ETF has a 52-week low of $6.34 and a 52-week high of $11.35. The stock has a fifty day simple moving average of $8.75 and a 200-day simple moving average of $8.58.

YieldMax Innovation Option Income Strategy ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.2137 per share. This represents a yield of 5,584.0%. The ex-dividend date is Thursday, November 20th.

About YieldMax Innovation Option Income Strategy ETF

The YieldMax ARKK Option Income Strategy ETF (OARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys.