YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Sets New 1-Year Low – Here’s Why

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $16.97 and last traded at $17.22, with a volume of 1303634 shares trading hands. The stock had previously closed at $17.51.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The firm’s 50-day moving average price is $21.76 and its 200 day moving average price is $23.66.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.8983 per share. The ex-dividend date of this dividend is Thursday, February 27th.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in YieldMax NVDA Option Income Strategy ETF in the fourth quarter worth $47,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the 4th quarter valued at $58,000. FNY Investment Advisers LLC acquired a new stake in YieldMax NVDA Option Income Strategy ETF during the 4th quarter worth $70,000. Cary Street Partners Financial LLC bought a new position in YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth about $210,000. Finally, Arkadios Wealth Advisors acquired a new position in YieldMax NVDA Option Income Strategy ETF in the third quarter valued at about $417,000.

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.