YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 12-Month Low – Here’s Why

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.31 and last traded at $25.37, with a volume of 739467 shares traded. The stock had previously closed at $26.20.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The business’s 50-day moving average is $29.31 and its 200-day moving average is $31.98. The company has a market capitalization of $736.49 million, a PE ratio of 40.09 and a beta of 1.42.

Hedge Funds Weigh In On YieldMax Ultra Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax Ultra Option Income Strategy ETF stock. Arax Advisory Partners purchased a new position in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 700 shares of the company’s stock, valued at approximately $26,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

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.