YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Reaches New 1-Year Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $5.95 and last traded at $6.15, with a volume of 27667053 shares changing hands. The stock had previously closed at $6.43.

YieldMax COIN Option Income Strategy ETF Trading Up 7.7%

The firm has a 50-day moving average of $6.93 and a 200 day moving average of $7.85.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, October 24th. Investors of record on Thursday, October 23rd were given a dividend of $0.0932 per share. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a dividend yield of 7,958.0%.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

Several institutional investors have recently modified their holdings of CONY. ORG Partners LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at $26,000. Sound Income Strategies LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the second quarter valued at $37,000. OLD Mission Capital LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF during the first quarter valued at $148,000. Finally, Captrust Financial Advisors boosted its position in shares of YieldMax COIN Option Income Strategy ETF by 63.6% during the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after buying an additional 13,949 shares during the last quarter.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.