YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Shares Down 0.6% – Here’s What Happened

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) dropped 0.6% on Thursday . The stock traded as low as $13.87 and last traded at $14.01. Approximately 5,488,836 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 5,262,819 shares. The stock had previously closed at $14.10.

YieldMax NVDA Option Income Strategy ETF Trading Down 0.6%

The company has a 50 day moving average price of $14.31 and a 200 day moving average price of $15.50.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 19th will be paid a $0.1054 dividend. This represents a dividend yield of 3,504.0%. The ex-dividend date is Thursday, February 19th.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in NVDY. Jump Financial LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF during the 2nd quarter worth approximately $773,000. Meadowbrook Wealth Management LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the 3rd quarter valued at approximately $375,000. J.Safra Asset Management Corp purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at approximately $264,000. Arkadios Wealth Advisors purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at approximately $169,000. Finally, Colonial Trust Advisors grew its holdings in 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 acquiring an additional 18,199 shares during the period.

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.