Investors Purchase High Volume of Put Options on YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY)

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) saw unusually large options trading activity on Monday. Stock investors bought 1,883 put options on the company. This represents an increase of approximately 119% compared to the typical daily volume of 859 put options.

YieldMax Ultra Option Income Strategy ETF Stock Down 0.5%

Shares of YieldMax Ultra Option Income Strategy ETF stock opened at $6.25 on Tuesday. The firm has a market cap of $775.81 million, a PE ratio of 40.09 and a beta of 1.59. YieldMax Ultra Option Income Strategy ETF has a 12-month low of $5.23 and a 12-month high of $14.40. The company’s fifty day simple moving average is $6.17 and its two-hundred day simple moving average is $7.00.

Institutional Investors Weigh In On YieldMax Ultra Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax Ultra Option Income Strategy ETF stock. OLD Mission Capital LLC increased its holdings in shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) by 341.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,401 shares of the company’s stock after acquiring an additional 149,619 shares during the period. OLD Mission Capital LLC owned approximately 0.48% of YieldMax Ultra Option Income Strategy ETF worth $1,170,000 at the end of the most recent reporting period.

YieldMax Ultra Option Income Strategy ETF Company Profile

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.