YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Stock Price Up 1.6% – What’s Next?

Shares of YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shot up 1.6% on Monday . The stock traded as high as $21.34 and last traded at $21.29. 1,646,650 shares changed hands during mid-day 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 Up 1.6 %

The firm’s 50 day moving average is $22.24 and its two-hundred day moving average is $23.85.

YieldMax NVDA Option Income Strategy ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 6th. Investors of record on Friday, January 3rd were paid a dividend of $0.8983 per share. The ex-dividend date was Friday, January 3rd.

Institutional Investors Weigh In On YieldMax NVDA Option Income Strategy ETF

Several hedge funds have recently made changes to their positions in NVDY. Cary Street Partners Financial LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth approximately $210,000. Brown Brothers Harriman & Co. acquired a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the 4th quarter worth $47,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF in the 4th quarter worth $58,000. Westend Capital Management LLC boosted its holdings in YieldMax NVDA Option Income Strategy ETF by 131.6% in the fourth quarter. Westend Capital Management LLC now owns 32,584 shares of the company’s stock valued at $761,000 after acquiring an additional 18,512 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in YieldMax NVDA Option Income Strategy ETF during the fourth quarter valued at about $70,000.

YieldMax NVDA Option Income Strategy ETF Company Profile

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.