YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Hits New 1-Year Low – Time to Sell?

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low on Thursday. The stock traded as low as $11.56 and last traded at $11.6150, with a volume of 2,339,157 shares traded. The stock had previously closed at $12.07.

YieldMax NVDA Option Income Strategy ETF Trading Down 0.5%

The business’s fifty day simple moving average is $12.51 and its 200 day simple moving average is $12.94.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YieldMax NVDA Option Income Strategy ETF stock. Versant Capital Management Inc increased its holdings in shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) by 36.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,213 shares of the company’s stock after acquiring an additional 858 shares during the quarter. Versant Capital Management Inc’s holdings in YieldMax NVDA Option Income Strategy ETF were worth $40,000 as of its most recent SEC filing.

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.