YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Trading Down 6.4% – Should You Sell?

Shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) fell 6.4% during mid-day trading on Tuesday . The stock traded as low as $9.40 and last traded at $9.73. 10,096,425 shares were traded during mid-day trading, an increase of 81% from the average session volume of 5,584,686 shares. The stock had previously closed at $10.40.

YieldMax COIN Option Income Strategy ETF Stock Performance

The company has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $14.18.

Institutional Investors Weigh In On YieldMax COIN Option Income Strategy ETF

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors purchased a new position in shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $134,000. Arkadios Wealth Advisors owned 0.06% of YieldMax COIN Option Income Strategy ETF as of its most recent SEC filing.

About YieldMax COIN Option Income Strategy ETF

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.