YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Up 0.5% – Time to Buy?

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG)’s stock price was up 0.5% during mid-day trading on Tuesday . The stock traded as high as $14.77 and last traded at $14.71. Approximately 737,202 shares changed hands during trading, a decline of 7% from the average daily volume of 789,442 shares. The stock had previously closed at $14.64.

YieldMax Magnificent 7 Fund of Option Income ETF Trading Up 0.5%

The company has a 50-day moving average price of $15.12 and a 200-day moving average price of $15.30.

Hedge Funds Weigh In On YieldMax Magnificent 7 Fund of Option Income ETF

A hedge fund recently bought a new stake in YieldMax Magnificent 7 Fund of Option Income ETF stock. OLD Mission Capital LLC acquired a new position in shares of YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

YieldMax Magnificent 7 Fund of Option Income ETF Company Profile

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.