YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Down 1.6% – Time to Sell?

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s share price fell 1.6% during mid-day trading on Thursday . The company traded as low as $15.42 and last traded at $15.53. 664,853 shares were traded during mid-day trading, a decline of 4% from the average session volume of 692,862 shares. The stock had previously closed at $15.78.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Down 1.6%

The stock’s 50 day moving average price is $15.48 and its 200-day moving average price is $15.20.

Institutional Investors Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Magnificent 7 Fund of Option Income ETF stock. OLD Mission Capital LLC acquired a new stake in YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,527 shares of the company’s stock, valued at approximately $471,000. OLD Mission Capital LLC owned approximately 0.16% of YieldMax Magnificent 7 Fund of Option Income ETF as of its most recent filing with the SEC.

About YieldMax Magnificent 7 Fund of Option Income ETF

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.