YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Hits New 12-Month Low – Should You Sell?

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

YieldMax COIN Option Income Strategy ETF Stock Performance

The company’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $13.02.

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 fourth quarter, according to its most recent filing with the SEC. The fund bought 10,490 shares of the company’s stock, valued at approximately $137,000. Captrust Financial Advisors owned 0.06% of YieldMax COIN Option Income Strategy ETF at the end of the most recent reporting period.

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.