YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Hits New 12-Month Low – Here’s Why

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

YieldMax COIN Option Income Strategy ETF Stock Performance

The company’s 50 day moving average price is $10.52 and its 200 day moving average price is $13.10.

Hedge Funds Weigh In On YieldMax COIN Option Income Strategy ETF

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) in 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 at the end of the most recent quarter.

About YieldMax COIN Option Income Strategy ETF

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.