YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY) Stock Price Down 7.4% – What’s Next?

YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY)’s stock price fell 7.4% during trading on Thursday . The company traded as low as $5.73 and last traded at $5.76. 2,014,095 shares changed hands during trading, an increase of 78% from the average session volume of 1,130,085 shares. The stock had previously closed at $6.22.

YieldMax Ultra Option Income Strategy ETF Stock Performance

The stock has a market cap of $188.30 million, a price-to-earnings ratio of 24.39 and a beta of 1.59. The firm’s 50-day simple moving average is $7.38 and its two-hundred day simple moving average is $8.96.

YieldMax Ultra Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were issued a $0.1025 dividend. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Worth Asset Management LLC bought a new stake in shares of YieldMax Ultra Option Income Strategy ETF during the fourth quarter worth $97,000. OLD Mission Capital LLC bought a new stake in YieldMax Ultra Option Income Strategy ETF during the 4th quarter worth about $393,000. Finally, Coppell Advisory Solutions LLC lifted its position in YieldMax Ultra Option Income Strategy ETF by 34.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 5,515 shares of the company’s stock valued at $50,000 after purchasing an additional 1,416 shares during the period.

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.