YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Sees Unusually-High Trading Volume – Here’s What Happened

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) saw unusually-high trading volume on Monday . Approximately 2,433,537 shares were traded during trading, an increase of 9% from the previous session’s volume of 2,234,402 shares.The stock last traded at $17.29 and had previously closed at $17.36.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The business’s 50 day simple moving average is $16.19 and its 200 day simple moving average is $17.66.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDY. Brown Brothers Harriman & Co. bought a new position in YieldMax NVDA Option Income Strategy ETF during the fourth quarter valued at approximately $47,000. Colonial Trust Advisors bought a new position in YieldMax NVDA Option Income Strategy ETF during the first quarter valued at approximately $120,000. Arkadios Wealth Advisors raised its position in YieldMax NVDA Option Income Strategy ETF by 23.4% during the first quarter. Arkadios Wealth Advisors now owns 12,243 shares of the company’s stock valued at $188,000 after acquiring an additional 2,318 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in YieldMax NVDA Option Income Strategy ETF during the fourth quarter valued at approximately $210,000. Finally, Westend Capital Management LLC raised its position in YieldMax NVDA Option Income Strategy ETF by 18.2% during the first quarter. Westend Capital Management LLC now owns 38,505 shares of the company’s stock valued at $592,000 after acquiring an additional 5,921 shares in the last quarter.

About YieldMax NVDA Option Income Strategy ETF

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys.