YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Trading Up 1.5% – Here’s What Happened

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY)’s share price was up 1.5% during trading on Wednesday . The company traded as high as $6.29 and last traded at $6.27. Approximately 8,931,902 shares changed hands during mid-day trading, an increase of 409% from the average daily volume of 1,754,565 shares. The stock had previously closed at $6.18.

YieldMax Ultra Option Income Strategy ETF Trading Up 1.5%

The firm’s 50-day simple moving average is $6.03 and its two-hundred day simple moving average is $7.35. The stock has a market capitalization of $467.93 million, a PE ratio of 26.86 and a beta of 1.59.

Institutional Trading of YieldMax Ultra Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax Ultra Option Income Strategy ETF stock. Coppell Advisory Solutions LLC raised its position in shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) by 34.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,515 shares of the company’s stock after purchasing an additional 1,416 shares during the period. Coppell Advisory Solutions LLC owned 0.11% of YieldMax Ultra Option Income Strategy ETF worth $50,000 as of its most recent SEC filing.

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.