YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Hits New 52-Week Low – Time to Sell?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTYGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $38.60 and last traded at $38.8450, with a volume of 398293 shares. The stock had previously closed at $39.14.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The business has a 50-day simple moving average of $45.92 and a two-hundred day simple moving average of $54.91. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 40.09 and a beta of 1.74.

Institutional Inflows and Outflows

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

About YieldMax Ultra Option Income Strategy ETF

(Get Free Report)

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.

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