YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) Trading Down 1% – Should You Sell?

YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARKGet Free Report) shares were down 1% on Wednesday . The company traded as low as $36.14 and last traded at $36.14. Approximately 40,987 shares traded hands during mid-day trading, an increase of 123% from the average daily volume of 18,399 shares. The stock had previously closed at $36.52.

YieldMax Innovation Option Income Strategy ETF Trading Down 1.0%

The stock’s 50-day moving average is $37.45 and its 200 day moving average is $41.62.

YieldMax Innovation Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be paid a $0.2382 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a dividend yield of 3,099.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax Innovation Option Income Strategy ETF stock. FNY Investment Advisers LLC bought a new position in YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARKFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,260 shares of the company’s stock, valued at approximately $45,000. FNY Investment Advisers LLC owned about 0.07% of YieldMax Innovation Option Income Strategy ETF at the end of the most recent reporting period.

YieldMax Innovation Option Income Strategy ETF Company Profile

(Get Free Report)

The YieldMax ARKK Option Income Strategy ETF (OARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. OARK was launched on Nov 22, 2022 and is managed by YieldMax.

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