YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) Shares Up 0.1% – Still a Buy?

YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK)’s share price traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $32.47 and last traded at $32.47. 10,083 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 17,860 shares. The stock had previously closed at $32.44.

YieldMax Innovation Option Income Strategy ETF Price Performance

The business has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $40.26.

YieldMax Innovation Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 19th will be issued a $0.2382 dividend. The ex-dividend date is Thursday, February 19th. This represents a dividend yield of 3,653.0%.

Institutional Investors Weigh In On YieldMax Innovation Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Innovation Option Income Strategy ETF stock. FNY Investment Advisers LLC purchased a new stake in YieldMax Innovation Option Income Strategy ETF (NYSEARCA:OARK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 quarter.

About YieldMax Innovation Option Income Strategy ETF

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.