YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) Trading Up 5.6% – Still a Buy?

YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) was up 5.6% during trading on Friday . The company traded as high as $8.62 and last traded at $8.70. Approximately 1,047,631 shares were traded during trading, a decline of 71% from the average daily volume of 3,624,357 shares. The stock had previously closed at $8.24.

YieldMax COIN Option Income Strategy ETF Trading Up 6.3%

The stock’s 50 day simple moving average is $7.79 and its 200 day simple moving average is $11.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax COIN Option Income Strategy ETF stock. OLD Mission Capital LLC purchased a new position in YieldMax COIN Option Income Strategy ETF (NYSEARCA:CONY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,343 shares of the company’s stock, valued at approximately $148,000.

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.