YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Shares Scheduled to Reverse Split on Tuesday, December 2nd

Shares of YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) are set to reverse split before the market opens on Tuesday, December 2nd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, December 1st.

YieldMax Short COIN Option Income Strategy ETF Trading Up 1.1%

Shares of NYSEARCA:FIAT opened at $2.84 on Thursday. The business’s 50 day moving average price is $2.65 and its 200-day moving average price is $3.56. YieldMax Short COIN Option Income Strategy ETF has a 1 year low of $2.28 and a 1 year high of $9.77.

YieldMax Short COIN Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 21st. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.0517 per share. This represents a yield of 8,534.0%. The ex-dividend date of this dividend is Thursday, November 20th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Short COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors acquired a new position in YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,000 shares of the company’s stock, valued at approximately $57,000. Arkadios Wealth Advisors owned about 0.12% of YieldMax Short COIN Option Income Strategy ETF at the end of the most recent quarter.

YieldMax Short COIN Option Income Strategy ETF Company Profile

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.