YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Trading Up 7.2% – Time to Buy?

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) shares were up 7.2% on Friday . The stock traded as high as $9.19 and last traded at $9.13. Approximately 68,592 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 78,492 shares. The stock had previously closed at $8.52.

YieldMax SNOW Option Income Strategy ETF Stock Performance

The firm’s 50-day moving average price is $11.88 and its 200 day moving average price is $14.09.

YieldMax SNOW Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 6th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.0868 per share. This represents a yield of 4,065.0%. The ex-dividend date of this dividend was Thursday, February 5th.

YieldMax SNOW Option Income Strategy ETF Company Profile

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.