YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sees Unusually-High Trading Volume – Time to Buy?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) saw unusually-high trading volume on Thursday . Approximately 14,155,334 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 16,156,544 shares.The stock last traded at $4.97 and had previously closed at $4.93.

YieldMax Ultra Option Income Strategy ETF Trading Up 1.2%

The company has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.90. The company has a market capitalization of $2.99 billion, a PE ratio of 40.09 and a beta of 1.59.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Ultra Option Income Strategy ETF stock. SG Americas Securities LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 120,000 shares of the company’s stock, valued at approximately $656,000.

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.