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

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $29.27 and last traded at $29.31, with a volume of 604373 shares trading hands. The stock had previously closed at $30.09.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The firm has a market capitalization of $812.00 million, a P/E ratio of 40.09 and a beta of 1.43. The firm’s 50-day moving average is $31.33 and its 200 day moving average is $34.55.

Institutional Investors Weigh In On YieldMax Ultra Option Income Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 4th quarter valued at $26,000. North Star Asset Management Inc. bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at $136,000. Finally, One Capital Management LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at $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.