YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Shares Gap Down – Here’s Why

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $48.45, but opened at $46.85. YieldMax COIN Option Income Strategy ETF shares last traded at $47.5750, with a volume of 175,777 shares traded.

YieldMax COIN Option Income Strategy ETF Stock Performance

The firm’s 50-day simple moving average is $60.09 and its 200-day simple moving average is $73.96.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, December 4th will be issued a dividend of $0.932 per share. The ex-dividend date is Thursday, December 4th. This represents a yield of 12,347.0%.

Hedge Funds Weigh In On YieldMax COIN Option Income Strategy ETF

Large investors have recently bought and sold shares of the stock. OLD Mission Capital LLC purchased a new position in shares of YieldMax COIN Option Income Strategy ETF in the first quarter worth $148,000. Sound Income Strategies LLC purchased a new stake in YieldMax COIN Option Income Strategy ETF during the 2nd quarter valued at $37,000. Arkadios Wealth Advisors bought a new stake in YieldMax COIN Option Income Strategy ETF in the 3rd quarter worth $91,000. J.Safra Asset Management Corp purchased a new position in shares of YieldMax COIN Option Income Strategy ETF in the third quarter valued at about $202,000. Finally, ORG Partners LLC bought a new position in shares of YieldMax COIN Option Income Strategy ETF during the third quarter valued at about $26,000.

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.