YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) Trading Up 1% – Here’s Why

YieldMax Magnificent 7 Fund of Option Income ETF (NYSEARCA:YMAG) was up 1% on Tuesday . The stock traded as high as $14.19 and last traded at $14.15. Approximately 1,616,027 shares traded hands during trading, an increase of 12% from the average daily volume of 1,447,174 shares. The stock had previously closed at $14.01.

YieldMax Magnificent 7 Fund of Option Income ETF Stock Up 1.0%

The stock has a fifty day moving average price of $14.29 and a 200-day moving average price of $15.00.

YieldMax Magnificent 7 Fund of Option Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 29th. Investors of record on Wednesday, January 28th will be paid a $0.0503 dividend. This represents a yield of 2,771.0%. The ex-dividend date of this dividend is Wednesday, January 28th.

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. YMAG was launched on Jan 29, 2024 and is issued by YieldMax.