YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT) Shares Down 4.6% – Should You Sell?

by · The Cerbat Gem

YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT – Get Free Report) shares dropped 4.6% during trading on Thursday . The stock traded as low as $21.37 and last traded at $21.37. Approximately 38,175 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 84,868 shares. The stock had previously closed at $22.39.

YieldMax Short COIN Option Income Strategy ETF Stock Down 2.3%

The company’s fifty day simple moving average is $23.20 and its 200 day simple moving average is $26.01.

Institutional Trading of YieldMax Short COIN Option Income Strategy ETF

A hedge fund recently bought a new stake in YieldMax Short COIN Option Income Strategy ETF stock. Arkadios Wealth Advisors acquired a new position in YieldMax Short COIN Option Income Strategy ETF (NYSEARCA:FIAT – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,000 shares of the company’s stock, valued at approximately $57,000. Arkadios Wealth Advisors owned 0.12% of YieldMax Short COIN Option Income Strategy ETF at the end of the most recent reporting period.

About YieldMax Short COIN Option Income Strategy ETF

(Get Free Report)

The YieldMax Short COIN Option Income Strategy ETF (FIAT) is an exchange-traded fund that mostly invests in financials equity. The fund aims to provide current income and inverse exposure to Coinbase stock (COIN), with a cap on potential gains. The fund pursues its objective through an actively managed synthetic covered put strategy, using US Treasurys as collateral FIAT was launched on Jul 9, 2024 and is issued by YieldMax.

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