YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 1-Year Low – Here’s Why

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY)’s stock price reached a new 52-week low on Friday . The company traded as low as $15.55 and last traded at $15.47, with a volume of 793635 shares traded. The stock had previously closed at $15.73.

YieldMax NVDA Option Income Strategy ETF Price Performance

The company has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $22.58.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of NVDY. Brown Brothers Harriman & Co. purchased a new stake in YieldMax NVDA Option Income Strategy ETF during the 4th quarter valued at $47,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at about $58,000. FNY Investment Advisers LLC bought a new position in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter valued at about $70,000. Cary Street Partners Financial LLC purchased a new stake in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter worth about $210,000. Finally, Westend Capital Management LLC boosted its holdings in shares of YieldMax NVDA Option Income Strategy ETF by 131.6% during the fourth 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

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.