YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 52-Week Low – Time to Sell?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) shares reached a new 52-week low on Thursday . The stock traded as low as $27.64 and last traded at $27.91, with a volume of 178368 shares traded. The stock had previously closed at $28.19.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The stock has a market capitalization of $817.13 million, a PE ratio of 40.09 and a beta of 1.42. The stock’s 50 day moving average is $30.09 and its two-hundred day moving average is $32.63.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Ultra Option Income Strategy ETF stock. One Capital Management LLC purchased a new position in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 202,507 shares of the company’s stock, valued at approximately $1,108,000.

About YieldMax Ultra Option Income Strategy ETF

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.