YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Reaches New 52-Week Low – Here’s What Happened

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

YieldMax NVDA Option Income Strategy ETF Price Performance

The stock has a 50-day simple moving average of $19.10 and a 200-day simple moving average of $22.54.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in NVDY. Brown Brothers Harriman & Co. acquired a new position in shares of YieldMax NVDA Option Income Strategy ETF in the fourth quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB bought a new stake in YieldMax NVDA Option Income Strategy ETF during the 4th quarter worth approximately $58,000. FNY Investment Advisers LLC acquired a new position in YieldMax NVDA Option Income Strategy ETF in the 4th quarter valued at approximately $70,000. Cary Street Partners Financial LLC bought a new position in shares of YieldMax NVDA Option Income Strategy ETF during the fourth quarter valued at $210,000. Finally, Westend Capital Management LLC lifted 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.

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.