YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Sets New 1-Year Low – Here’s What Happened

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXGet Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $9.47 and last traded at $9.4790, with a volume of 1251360 shares traded. The stock had previously closed at $9.70.

YieldMax Universe Fund of Option Income ETF Trading Down 1.5%

The company has a fifty day moving average price of $10.28 and a 200 day moving average price of $11.86.

YieldMax Universe Fund of Option Income ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, January 29th. Stockholders of record on Wednesday, January 28th will be given a dividend of $0.088 per share. The ex-dividend date is Wednesday, January 28th. This represents a dividend yield of 4,449.0%.

Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC acquired a new position in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAXFree Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,930 shares of the company’s stock, valued at approximately $164,000.

About YieldMax Universe Fund of Option Income ETF

(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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