YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Shares Up 1% – Time to Buy?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s share price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $14.78 and last traded at $14.72. 3,153,000 shares traded hands during trading, a decline of 42% from the average session volume of 5,391,222 shares. The stock had previously closed at $14.57.

YieldMax NVDA Option Income Strategy ETF Stock Up 1.0%

The company’s 50 day simple moving average is $14.53 and its 200 day simple moving average is $15.84.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 29th will be issued a $0.1054 dividend. This represents a dividend yield of 3,801.0%. The ex-dividend date of this dividend is Thursday, January 29th.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

Several large investors have recently modified their holdings of NVDY. FNY Investment Advisers LLC purchased a new stake in YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at $40,000. Arkadios Wealth Advisors purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at about $169,000. J.Safra Asset Management Corp acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the third quarter worth about $264,000. Colonial Trust Advisors boosted its stake in shares of YieldMax NVDA Option Income Strategy ETF by 559.8% during the third quarter. Colonial Trust Advisors now owns 21,450 shares of the company’s stock worth $360,000 after buying an additional 18,199 shares during the period. Finally, Meadowbrook Wealth Management LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at about $375,000.

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.