YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Hits New 12-Month Low – Here’s Why

Shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.01 and last traded at $10.0050, with a volume of 1826194 shares. The stock had previously closed at $10.19.

YieldMax Universe Fund of Option Income ETF Stock Down 2.1%

The firm has a 50 day moving average of $10.87 and a 200 day moving average of $12.35.

YieldMax Universe Fund of Option Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.1743 per share. This represents a dividend yield of 7,193.0%. The ex-dividend date was Wednesday, October 15th. This is a positive change from YieldMax Universe Fund of Option Income ETF’s previous dividend of $0.16.

Institutional Investors 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. Winnow Wealth LLC bought a new position in shares of YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 91,620 shares of the company’s stock, valued at approximately $1,191,000. YieldMax Universe Fund of Option Income ETF accounts for 0.9% of Winnow Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Winnow Wealth LLC owned about 0.12% of YieldMax Universe Fund of Option Income ETF at the end of the most recent reporting period.

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. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.