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

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $42.41 and last traded at $43.4210, with a volume of 180875 shares changing hands. The stock had previously closed at $42.72.

YieldMax COIN Option Income Strategy ETF Price Performance

The company has a 50-day simple moving average of $55.02 and a 200 day simple moving average of $71.14.

YieldMax COIN Option Income Strategy ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 19th. Investors of record on Thursday, December 18th will be issued a dividend of $0.932 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a yield of 6,187.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its stake in shares of YieldMax COIN Option Income Strategy ETF by 1,592.2% in the 3rd quarter. FNY Investment Advisers LLC now owns 135,700 shares of the company’s stock valued at $933,000 after purchasing an additional 127,681 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in YieldMax COIN Option Income Strategy ETF during the third quarter worth approximately $202,000. OLD Mission Capital LLC acquired a new stake in YieldMax COIN Option Income Strategy ETF in the first quarter valued at approximately $148,000. Captrust Financial Advisors increased its position in shares of YieldMax COIN Option Income Strategy ETF by 63.6% in the second quarter. Captrust Financial Advisors now owns 35,865 shares of the company’s stock valued at $327,000 after buying an additional 13,949 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of YieldMax COIN Option Income Strategy ETF during the 3rd quarter worth approximately $91,000.

YieldMax COIN Option Income Strategy ETF Company Profile

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.