YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Sets New 1-Year Low – Here’s What Happened

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.88 and last traded at $8.77, with a volume of 1412724 shares. The stock had previously closed at $9.50.

YieldMax COIN Option Income Strategy ETF Trading Down 9.1 %

The company’s 50-day simple moving average is $12.28 and its two-hundred day simple moving average is $13.84.

Hedge Funds Weigh In On YieldMax COIN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. Captrust Financial Advisors purchased a new position in YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,490 shares of the company’s stock, valued at approximately $137,000. Captrust Financial Advisors owned about 0.06% of YieldMax COIN Option Income Strategy ETF as of its most recent SEC filing.

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.