YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading 0.4% Higher – Here’s Why

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s stock price traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $15.33 and last traded at $15.24. 691,616 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 543,176 shares. The stock had previously closed at $15.18.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Up 0.4%

The company has a fifty day simple moving average of $15.03 and a 200-day simple moving average of $16.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. JPMorgan Chase & Co. bought a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,553 shares of the company’s stock, valued at approximately $126,000. JPMorgan Chase & Co. owned about 0.27% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent SEC filing.

YieldMax Magnificent 7 Fund of Option Income ETF Company Profile

The YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is a fund-of-funds that invests in seven mega-cap ETFs considered to be driving the market through technology. The underlying ETFs seek to provide current income and capped gains of these stocks through a synthetic covered call strategy.