YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Trading 1.6% Higher – Should You Buy?

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) traded up 1.6% on Monday . The stock traded as high as $21.34 and last traded at $21.29. 1,646,650 shares were traded during trading, a decline of 42% from the average session volume of 2,838,664 shares. The stock had previously closed at $20.95.

YieldMax NVDA Option Income Strategy ETF Stock Performance

The company has a fifty day simple moving average of $22.10 and a two-hundred day simple moving average of $23.78.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, January 3rd were paid a $0.8983 dividend. The ex-dividend date of this dividend was Friday, January 3rd.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at about $58,000. FNY Investment Advisers LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at about $70,000. Cary Street Partners Financial LLC acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at about $210,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF in the third quarter valued at about $417,000.

About YieldMax NVDA Option Income Strategy ETF

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.