YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Reaches New 1-Year Low – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) shares reached a new 52-week low on Thursday . The stock traded as low as $9.47 and last traded at $9.4790, with a volume of 1251360 shares. The stock had previously closed at $9.70.

YieldMax Universe Fund of Option Income ETF Stock Performance

The firm’s 50-day moving average price is $10.28 and its 200 day moving average price is $11.86.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.088 per share. The ex-dividend date is Wednesday, January 28th. This represents a yield of 4,449.0%.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC purchased a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF accounts for 0.9% of Winnow Wealth LLC’s holdings, making the stock its 21st largest position. Winnow Wealth LLC owned about 0.12% of YieldMax Universe Fund of Option Income ETF as of its most recent filing with the SEC.

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. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.