YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Shares Up 5.4% – Here’s What Happened

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shot up 5.4% during mid-day trading on Monday . The stock traded as high as $6.84 and last traded at $6.83. 15,971,158 shares were traded during mid-day trading, an increase of 80% from the average session volume of 8,896,415 shares. The stock had previously closed at $6.48.

YieldMax COIN Option Income Strategy ETF Stock Up 5.4%

The firm has a 50 day moving average price of $7.36 and a 200-day moving average price of $7.98.

Institutional Trading of YieldMax COIN Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in YieldMax COIN Option Income Strategy ETF in the second quarter valued at $37,000. Captrust Financial Advisors raised its stake in YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after buying an additional 13,949 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in YieldMax COIN Option Income Strategy ETF in the first quarter valued at $148,000.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.