YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Stock Price Down 2% – What’s Next?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) shares fell 2% on Thursday . The stock traded as low as $12.51 and last traded at $12.60. 1,869,127 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 1,999,569 shares. The stock had previously closed at $12.86.

YieldMax Universe Fund of Option Income ETF Price Performance

The firm’s 50 day moving average price is $13.07 and its two-hundred day moving average price is $13.32.

Hedge Funds Weigh In On YieldMax Universe Fund of Option Income ETF

An institutional investor recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Virtue Capital Management LLC acquired a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,930 shares of the company’s stock, valued at approximately $164,000.

YieldMax Universe Fund of Option Income ETF Company Profile

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy.