YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) Stock Price Up 1.5% – Time to Buy?

YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX)’s share price was up 1.5% during mid-day trading on Thursday . The stock traded as high as $8.01 and last traded at $7.98. Approximately 1,393,722 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 1,963,599 shares. The stock had previously closed at $7.86.

YieldMax Universe Fund of Option Income ETF Trading Down 0.8%

The stock has a 50-day moving average price of $8.25 and a 200 day moving average price of $8.66.

Institutional Trading of YieldMax Universe Fund of Option Income ETF

A hedge fund recently bought a new position in YieldMax Universe Fund of Option Income ETF stock. Janney Montgomery Scott LLC purchased a new stake in YieldMax Universe Fund of Option Income ETF (NYSEARCA:YMAX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,750 shares of the company’s stock, valued at approximately $123,000.

About YieldMax Universe Fund of Option Income ETF

The YieldMax Universe Fund of Option Income ETFs (YMAX) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that invests in shares of other YieldMax ETFs. The underlying ETFs seek to provide current income and capped gains on select securities through a synthetic covered call strategy. YMAX was launched on Jan 16, 2024 and is issued by YieldMax.