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

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low on Thursday . The stock traded as low as $12.02 and last traded at $12.11, with a volume of 1156536 shares traded. The stock had previously closed at $12.50.

YieldMax NVDA Option Income Strategy ETF Stock Down 2.3%

The business has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $13.88.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds have recently modified their holdings of NVDY. FNY Investment Advisers LLC raised its stake in YieldMax NVDA Option Income Strategy ETF by 3,287.5% during the fourth 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 during the period. Colonial Trust Advisors grew its stake in shares of YieldMax NVDA Option Income Strategy ETF by 559.8% during the 3rd quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock valued at $360,000 after buying an additional 18,199 shares during the period. Sunbelt Securities Inc. grew its stake in shares of YieldMax NVDA Option Income Strategy ETF by 4.7% during the 4th quarter. Sunbelt Securities Inc. now owns 242,462 shares of the company’s stock valued at $3,542,000 after buying an additional 10,851 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the 2nd quarter worth $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.