YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) Shares Gap Down – Should You Sell?

YieldMax NVDA Option Income Strategy ETF (NYSEARCA:NVDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.50, but opened at $14.56. YieldMax NVDA Option Income Strategy ETF shares last traded at $14.70, with a volume of 693,371 shares traded.

YieldMax NVDA Option Income Strategy ETF Stock Down 6.1 %

The stock has a fifty day moving average of $17.43 and a 200 day moving average of $21.72.

Institutional Trading of YieldMax NVDA Option Income Strategy ETF

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