YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 12-Month Low – Time to Sell?

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) reached a new 52-week low during trading on Friday . The stock traded as low as $15.90 and last traded at $16.24, with a volume of 1530004 shares changing hands. The stock had previously closed at $16.30.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The company’s 50-day simple moving average is $21.08 and its 200-day simple moving average is $23.39.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 27th were given a $0.8983 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

Hedge Funds Weigh In On YieldMax NVDA Option Income Strategy ETF

A number of large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth about $47,000. MassMutual Private Wealth & Trust FSB purchased a new position in YieldMax NVDA Option Income Strategy ETF in the 4th quarter valued at approximately $58,000. FNY Investment Advisers LLC purchased a new stake in YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth $70,000. Cary Street Partners Financial LLC purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at $210,000. Finally, Westend Capital Management LLC grew its stake in YieldMax NVDA Option Income Strategy ETF by 131.6% in the 4th quarter. Westend Capital Management LLC now owns 32,584 shares of the company’s stock valued at $761,000 after acquiring an additional 18,512 shares during the last quarter.

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.