YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Trading Down 1.1% – Here’s Why

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) shares were down 1.1% during mid-day trading on Wednesday . The company traded as low as $10.23 and last traded at $10.27. Approximately 1,161,262 shares were traded during trading, a decline of 45% from the average daily volume of 2,095,454 shares. The stock had previously closed at $10.38.

YieldMax Universe Fund of Option Income ETF Stock Performance

The stock’s 50 day simple moving average is $11.09 and its two-hundred day simple moving average is $12.48.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 15th were given a dividend of $0.1743 per share. This is an increase from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16. The ex-dividend date was Wednesday, October 15th. This represents a dividend yield of 7,193.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YMAX. Virtue Capital Management LLC bought a new stake in shares of YieldMax Universe Fund of Option Income ETF in the 2nd quarter valued at approximately $164,000. Winnow Wealth LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF in the 3rd quarter valued at $1,191,000. Finally, OLD Mission Capital LLC bought a new stake in YieldMax Universe Fund of Option Income ETF in the first quarter valued at $5,032,000.

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.

See Also

Receive News & Ratings for YieldMax Universe Fund of Option Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax Universe Fund of Option Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.