YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) Stock Price Down 1.6% – Here’s Why

YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY)’s stock price was down 1.6% during trading on Friday . The stock traded as low as $7.30 and last traded at $7.59. Approximately 4,966,835 shares changed hands during mid-day trading, an increase of 408% from the average daily volume of 977,035 shares. The stock had previously closed at $7.71.

YieldMax AMD Option Income Strategy ETF Price Performance

The company has a market capitalization of $173.43 million, a P/E ratio of 75.84 and a beta of 1.80. The company’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.39.

YieldMax AMD Option Income Strategy ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, November 21st. Investors of record on Thursday, November 20th were paid a $0.19 dividend. The ex-dividend date was Thursday, November 20th. This represents a yield of 12,106.0%.

Institutional Investors Weigh In On YieldMax AMD Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax AMD Option Income Strategy ETF stock. OLD Mission Capital LLC grew its position in YieldMax AMD Option Income Strategy ETF (NYSEARCA:AMDY) by 322.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,511 shares of the company’s stock after purchasing an additional 63,742 shares during the quarter. OLD Mission Capital LLC owned about 0.46% of YieldMax AMD Option Income Strategy ETF worth $663,000 as of its most recent SEC filing.

About YieldMax AMD Option Income Strategy ETF

The YieldMax AMD Option Income Strategy ETF (AMDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Advanced Micro Devices, Inc stock (AMD) through a synthetic covered call strategy, collateralized by cash and US Treasurys AMDY was launched on Sep 18, 2023 and is issued by YieldMax.