YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Stock Price Up 2.2% – Here’s Why

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) rose 2.2% on Friday . The stock traded as high as $14.29 and last traded at $14.13. Approximately 5,685,884 shares traded hands during trading, an increase of 2% from the average daily volume of 5,557,195 shares. The stock had previously closed at $13.82.

YieldMax NVDA Option Income Strategy ETF Trading Up 2.2%

The firm has a 50-day moving average of $13.57 and a two-hundred day moving average of $14.47.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at approximately $40,000. Arkadios Wealth Advisors bought a new position in YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at approximately $169,000. J.Safra Asset Management Corp bought a new position in YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at approximately $264,000. Colonial Trust Advisors lifted its stake in YieldMax NVDA Option Income Strategy ETF by 559.8% in the 3rd quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock valued at $360,000 after purchasing an additional 18,199 shares during the last quarter. Finally, Jump Financial LLC bought a new position in YieldMax NVDA Option Income Strategy ETF in the second quarter valued at about $773,000.

About YieldMax NVDA Option Income Strategy ETF

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. NVDY was launched on May 10, 2023 and is managed by Tidal.