YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) Trading 4.9% Higher – Should You Buy?

YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) shares rose 4.9% during trading on Friday . The stock traded as high as $11.11 and last traded at $11.05. Approximately 961,923 shares were traded during trading, an increase of 14% from the average session volume of 846,166 shares. The stock had previously closed at $10.53.

YieldMax Gold Miners Option Income Strategy ETF Price Performance

The business’s 50-day moving average is $10.39 and its two-hundred day moving average is $13.36.

Hedge Funds Weigh In On YieldMax Gold Miners Option Income Strategy ETF

A hedge fund recently bought a new position in YieldMax Gold Miners Option Income Strategy ETF stock. FNY Investment Advisers LLC bought a new stake in YieldMax Gold Miners Option Income Strategy ETF (NYSEARCA:GDXY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the company’s stock, valued at approximately $40,000.

About YieldMax Gold Miners Option Income Strategy ETF

The YieldMax Gold Miners Option Income Strategy ETF (GDXY) is an exchange-traded fund that mostly invests in materials equity. The fund seeks to provide current income and capped gains on the VanEck Gold Miners ETF (GDX) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. GDXY was launched on May 20, 2024 and is issued by YieldMax.