YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Trading Down 5.5% – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s share price fell 5.5% during trading on Tuesday . The company traded as low as $14.10 and last traded at $14.0730. 850,498 shares were traded during mid-day trading, a decline of 79% from the average session volume of 4,028,672 shares. The stock had previously closed at $14.89.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average is $15.96 and its 200 day moving average is $16.40.

YieldMax NVDA Option Income Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 28th will be issued a $0.1094 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 5,299.0%.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

Large investors have recently made changes to their positions in the business. OLD Mission Capital LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the 1st quarter worth approximately $4,741,000. Jump Financial LLC purchased a new position in YieldMax NVDA Option Income Strategy ETF in the 2nd quarter valued at $773,000. Meadowbrook Wealth Management LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at about $375,000. Colonial Trust Advisors boosted its position in YieldMax NVDA Option Income Strategy ETF by 559.8% during the third quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock worth $360,000 after acquiring an additional 18,199 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at approximately $264,000.

About YieldMax NVDA Option Income Strategy ETF

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.