YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) Stock Price Down 4.5% – Here’s What Happened

YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY)’s share price dropped 4.5% during mid-day trading on Monday . The company traded as low as $7.60 and last traded at $7.62. Approximately 1,272,021 shares changed hands during trading, a decline of 17% from the average daily volume of 1,530,641 shares. The stock had previously closed at $7.98.

YieldMax SMCI Option Income Strategy ETF Price Performance

The company’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $11.88.

YieldMax SMCI Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 20th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.0728 per share. The ex-dividend date was Thursday, February 19th. This represents a yield of 8,007.0%.

Hedge Funds Weigh In On YieldMax SMCI Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax SMCI Option Income Strategy ETF stock. FNY Investment Advisers LLC raised its position in YieldMax SMCI Option Income Strategy ETF (NYSEARCA:SMCY) by 278.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the company’s stock after acquiring an additional 3,900 shares during the quarter. FNY Investment Advisers LLC’s holdings in YieldMax SMCI Option Income Strategy ETF were worth $42,000 as of its most recent SEC filing.

YieldMax SMCI Option Income Strategy ETF Company Profile

The YieldMax SMCI Option Income Strategy ETF (SMCY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Super Micro Computer Inc stock (SMCI) through a synthetic covered call strategy, collateralized by cash and US Treasurys SMCY was launched on Sep 11, 2024 and is issued by YieldMax.