YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Hits New 52-Week Low – What’s Next?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.13 and last traded at $7.20, with a volume of 1831787 shares changing hands. The stock had previously closed at $7.64.

YieldMax COIN Option Income Strategy ETF Stock Performance

The business’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $13.10.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. Captrust Financial Advisors bought a new position in shares of YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,490 shares of the company’s stock, valued at approximately $137,000. Captrust Financial Advisors owned about 0.06% of YieldMax COIN Option Income Strategy ETF as of its most recent filing with the Securities & Exchange Commission.

YieldMax COIN Option Income Strategy ETF Company Profile

The YieldMax COIN Option Income Strategy ETF (CONY) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to provide current income and capped gains on the Coinbase Global Inc stock (COIN) through a synthetic covered call strategy, collateralized by cash and US Treasurys CONY was launched on Aug 14, 2023 and is issued by YieldMax.