YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Shares Gap Up – Time to Buy?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $7.94, but opened at $8.24. YieldMax COIN Option Income Strategy ETF shares last traded at $8.30, with a volume of 1,234,898 shares changing hands.

YieldMax COIN Option Income Strategy ETF Price Performance

The business’s 50-day moving average price is $12.17 and its two-hundred day moving average price is $13.78.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new stake in YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,490 shares of the company’s stock, valued at approximately $137,000. Captrust Financial Advisors owned about 0.06% of YieldMax COIN Option Income Strategy ETF as of its most recent SEC filing.

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.