YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Sees Unusually-High Trading Volume – Time to Buy?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) saw strong trading volume on Monday . 853,754 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 499,053 shares.The stock last traded at $42.5380 and had previously closed at $40.41.

YieldMax COIN Option Income Strategy ETF Trading Up 6.7%

The stock has a fifty day moving average of $48.93 and a 200-day moving average of $67.82.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.932 per share. This represents a dividend yield of 5,587.0%. The ex-dividend date of this dividend is Friday, January 2nd.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew its stake in YieldMax COIN Option Income Strategy ETF by 1,592.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock worth $933,000 after acquiring an additional 127,681 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at approximately $202,000. Captrust Financial Advisors boosted its holdings in shares of YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after purchasing an additional 13,949 shares during the period. Arkadios Wealth Advisors bought a new position in YieldMax COIN Option Income Strategy ETF in the third quarter worth approximately $91,000. Finally, Sound Income Strategies LLC purchased a new position in YieldMax COIN Option Income Strategy ETF during the 2nd quarter worth $37,000.

YieldMax COIN Option Income Strategy ETF Company Profile

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.