YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 12-Month Low – Here’s Why

Shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.28 and last traded at $8.4750, with a volume of 1991819 shares. The stock had previously closed at $8.37.

YieldMax Universe Fund of Option Income ETF Trading Down 0.3%

The firm has a fifty day simple moving average of $9.51 and a two-hundred day simple moving average of $11.15.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 26th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.088 per share. The ex-dividend date is Wednesday, February 25th. This represents a dividend yield of 4,317.0%.

Institutional Investors Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC purchased a new position in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF accounts for approximately 0.9% of Winnow Wealth LLC’s portfolio, making the stock its 21st largest position. Winnow Wealth LLC owned approximately 0.12% of YieldMax Universe Fund of Option Income ETF at the end of the most recent reporting period.

YieldMax Universe Fund of Option Income ETF Company Profile

(Get Free Report)

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.

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