YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Stock Price Up 6.3% – Still a Buy?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) rose 6.3% during trading on Friday . The stock traded as high as $8.84 and last traded at $8.76. Approximately 7,280,570 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 3,657,555 shares. The stock had previously closed at $8.24.

YieldMax COIN Option Income Strategy ETF Stock Up 6.3%

The firm has a fifty day moving average price of $7.79 and a 200 day moving average price of $11.75.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. OLD Mission Capital LLC purchased a new stake in shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,343 shares of the company’s stock, valued at approximately $148,000.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.