YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Reaches New 12-Month Low – Should You Sell?

Shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as $10.01 and last traded at $10.0050, with a volume of 1826194 shares changing hands. The stock had previously closed at $10.19.

YieldMax Universe Fund of Option Income ETF Stock Down 1.9%

The company has a 50 day moving average price of $10.95 and a 200-day moving average price of $12.39.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 15th were given a $0.1743 dividend. This is a boost from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16. This represents a yield of 7,193.0%. The ex-dividend date was Wednesday, October 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Winnow Wealth LLC purchased a new stake in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF comprises about 0.9% of Winnow Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Winnow Wealth LLC owned 0.12% of YieldMax Universe Fund of Option Income ETF as of its most recent filing with the SEC.

YieldMax Universe Fund of Option Income ETF Company Profile

(Get Free Report)

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.

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