YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sees Large Volume Increase – Still a Buy?

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report) saw an uptick in trading volume on Thursday . 1,648,808 shares were traded during trading, an increase of 124% from the previous session’s volume of 737,339 shares.The stock last traded at $30.54 and had previously closed at $30.49.

YieldMax Ultra Option Income Strategy ETF Stock Up 0.3%

The firm has a 50-day simple moving average of $33.93 and a 200-day simple moving average of $41.19. The stock has a market cap of $872.16 million, a PE ratio of 40.09 and a beta of 1.74.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 26th. Investors of record on Wednesday, February 25th were issued a dividend of $0.4705 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a yield of 6,933.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in YieldMax Ultra Option Income Strategy ETF during the 4th quarter valued at about $26,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter worth about $66,000. North Star Asset Management Inc. bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $136,000. SG Americas Securities LLC bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at approximately $656,000. Finally, One Capital Management LLC purchased a new position in YieldMax Ultra Option Income Strategy ETF during the third quarter valued at approximately $1,108,000.

About YieldMax Ultra Option Income Strategy ETF

(Get Free Report)

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.

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