YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) Trading Down 2.2% – What’s Next?

YieldMax PLTR Option Income Strategy ETF (NYSEARCA:PLTY) fell 2.2% during trading on Wednesday . The stock traded as low as $38.04 and last traded at $38.63. 166,166 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 331,135 shares. The stock had previously closed at $39.50.

YieldMax PLTR Option Income Strategy ETF Trading Down 2.2%

The company’s fifty day simple moving average is $49.78 and its 200-day simple moving average is $58.04.

YieldMax PLTR Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 13th. Investors of record on Thursday, February 12th will be issued a $0.4508 dividend. This represents a yield of 5,176.0%. The ex-dividend date is Thursday, February 12th.

Hedge Funds Weigh In On YieldMax PLTR Option Income Strategy ETF

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in shares of YieldMax PLTR Option Income Strategy ETF by 10,029.1% in the third quarter. Sunbelt Securities Inc. now owns 13,573 shares of the company’s stock worth $886,000 after acquiring an additional 13,439 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in YieldMax PLTR Option Income Strategy ETF during the 4th quarter worth $123,000. Finally, Private Wealth Asset Management LLC acquired a new stake in shares of YieldMax PLTR Option Income Strategy ETF in the fourth quarter valued at about $262,000.

YieldMax PLTR Option Income Strategy ETF Company Profile

The YieldMax PLTR Option Income Strategy ETF (PLTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on Palantir Technologies Inc (PLTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys PLTY was launched on Oct 7, 2024 and is issued by YieldMax.