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

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) reached a new 52-week low during trading on Thursday . The company traded as low as $11.01 and last traded at $11.0250, with a volume of 1187204 shares traded. The stock had previously closed at $11.27.

YieldMax Universe Fund of Option Income ETF Trading Down 2.4%

The company’s 50 day moving average is $12.47 and its 200-day moving average is $13.12.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 15th were issued a $0.1743 dividend. This is a boost from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16. This represents a yield of 7,193.0%. The ex-dividend date of this dividend was Wednesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF in the first quarter worth $5,032,000. Winnow Wealth LLC acquired a new position in shares of YieldMax Universe Fund of Option Income ETF during the third quarter valued at $1,191,000. Finally, Virtue Capital Management LLC bought a new position in shares of YieldMax Universe Fund of Option Income ETF during the second quarter worth about $164,000.

About YieldMax Universe Fund of Option Income ETF

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.