YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Hits New 12-Month Low – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDYGet Free Report) reached a new 52-week low on Thursday . The company traded as low as $14.72 and last traded at $14.93, with a volume of 464251 shares trading hands. The stock had previously closed at $15.61.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The company has a 50 day simple moving average of $18.27 and a 200-day simple moving average of $22.27.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in YieldMax NVDA Option Income Strategy ETF by 42.5% in the fourth quarter. Sunbelt Securities Inc. now owns 253,374 shares of the company’s stock worth $6,020,000 after purchasing an additional 75,630 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the 4th quarter valued at about $210,000. Brown Brothers Harriman & Co. purchased a new stake in YieldMax NVDA Option Income Strategy ETF during the 4th quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB bought a new position in YieldMax NVDA Option Income Strategy ETF during the 4th quarter worth approximately $58,000. Finally, Westend Capital Management LLC increased its stake in YieldMax NVDA Option Income Strategy ETF by 131.6% in the 4th quarter. Westend Capital Management LLC now owns 32,584 shares of the company’s stock worth $761,000 after purchasing an additional 18,512 shares during the period.

About YieldMax NVDA Option Income Strategy ETF

(Get Free Report)

The YieldMax NVDA Option Income Strategy ETF (NVDY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Nvidia stock (NVDA) through a synthetic covered call strategy, collateralized by cash and US Treasurys.

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