YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) Trading Down 2.8% – Time to Sell?

YieldMax SNOW Option Income Strategy ETF (NYSEARCA:SNOY) traded down 2.8% on Friday . The stock traded as low as $8.72 and last traded at $8.88. 1,567,329 shares traded hands during mid-day trading, an increase of 1,303% from the average session volume of 111,752 shares. The stock had previously closed at $9.14.

YieldMax SNOW Option Income Strategy ETF Stock Performance

The business has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $13.40.

YieldMax SNOW Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a dividend of $0.0868 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 4,694.0%.

About YieldMax SNOW Option Income Strategy ETF

The YieldMax SNOW Option Income Strategy ETF (SNOY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Snowflake stock (SNOW) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. SNOY was launched on Jun 10, 2024 and is issued by YieldMax.