YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 1-Year Low – Here’s Why

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) shares reached a new 52-week low on Tuesday . The stock traded as low as $4.08 and last traded at $4.12, with a volume of 55771395 shares. The stock had previously closed at $4.21.

YieldMax Ultra Option Income Strategy ETF Stock Down 1.7%

The stock has a market capitalization of $2.11 billion, a P/E ratio of 40.09 and a beta of 1.74. The business’s 50 day simple moving average is $5.12 and its two-hundred day simple moving average is $5.75.

YieldMax Ultra Option Income Strategy ETF shares are set to reverse split on the morning of Monday, December 1st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 30th.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC grew its holdings in YieldMax Ultra Option Income Strategy ETF by 341.7% during the first quarter. OLD Mission Capital LLC now owns 193,401 shares of the company’s stock worth $1,170,000 after buying an additional 149,619 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of YieldMax Ultra Option Income Strategy ETF in the third quarter valued at about $66,000. SG Americas Securities LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth about $656,000. North Star Asset Management Inc. bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth about $136,000. Finally, One Capital Management LLC purchased a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at about $1,108,000.

About YieldMax Ultra Option Income Strategy ETF

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.