YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Sets New 1-Year Low – Time to Sell?

Shares of YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) hit a new 52-week low on Monday . The company traded as low as $38.60 and last traded at $38.8450, with a volume of 398293 shares changing hands. The stock had previously closed at $39.14.

YieldMax Ultra Option Income Strategy ETF Stock Down 2.9%

The firm’s 50 day simple moving average is $45.25 and its 200-day simple moving average is $54.59. The company has a market capitalization of $1.97 billion, a PE ratio of 40.09 and a beta of 1.74.

Institutional Investors Weigh In On YieldMax Ultra Option Income Strategy ETF

A number of large investors have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV purchased a new stake in YieldMax Ultra Option Income Strategy ETF during the 3rd quarter worth approximately $66,000. North Star Asset Management Inc. bought a new position in shares of YieldMax Ultra Option Income Strategy ETF in the 3rd quarter worth about $136,000. SG Americas Securities LLC acquired a new position in shares of YieldMax Ultra Option Income Strategy ETF in the 3rd quarter valued at about $656,000. OLD Mission Capital LLC boosted its holdings in shares of YieldMax Ultra Option Income Strategy ETF by 341.7% in the 1st quarter. OLD Mission Capital LLC now owns 193,401 shares of the company’s stock valued at $1,170,000 after buying an additional 149,619 shares during the period. Finally, One Capital Management LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the 3rd quarter valued at about $1,108,000.

YieldMax Ultra Option Income Strategy ETF Company Profile

The YieldMax Ultra Option Income Strategy ETF (ULTY) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums, dividends from directly held US stocks, and US treasuries ULTY was launched on Feb 28, 2024 and is issued by YieldMax.