YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Stock Price Up 2.8% – Here’s What Happened

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) shares were up 2.8% on Friday . The stock traded as high as $27.92 and last traded at $27.53. Approximately 386,812 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 602,604 shares. The stock had previously closed at $26.79.

YieldMax COIN Option Income Strategy ETF Trading Up 2.8%

The business has a 50-day simple moving average of $36.17 and a 200-day simple moving average of $53.84.

YieldMax COIN Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 20th. Investors of record on Thursday, February 19th were issued a dividend of $0.4091 per share. This represents a dividend yield of 5,811.0%. The ex-dividend date of this dividend was Thursday, February 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in YieldMax COIN Option Income Strategy ETF by 63.6% during the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after acquiring an additional 13,949 shares during the period. ORG Partners LLC bought a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter worth about $26,000. J.Safra Asset Management Corp acquired a new position in shares of YieldMax COIN Option Income Strategy ETF during the 3rd quarter worth about $202,000. Arkadios Wealth Advisors bought a new stake in YieldMax COIN Option Income Strategy ETF during the 3rd quarter valued at approximately $91,000. Finally, FNY Investment Advisers LLC boosted its stake in YieldMax COIN Option Income Strategy ETF by 1,592.2% during the 3rd quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock valued at $933,000 after purchasing an additional 127,681 shares during the period.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.