YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG)Large Blend | Exchange Traded Fund | NYSEArca
12.92 USD
-0.10
(-0.768%) ⇩
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 1:57 a.m. EDT
YMAG is a price-destruction mechanism disguised as a yield play. Despite a reported 55% yield, the weekly distributions ($0.06–$0.12) are being financed by buying back its own shares to sustain the headline number, causing the share price to halve while the yield remains structurally intact because the ETF sponsor uses dividends to repurchase shares rather than building intrinsic value. The high and widening options implied volatility at long-term strikes suggests the market sees this as an exotic, high-risk synthetic product, not a sustainable income investment; for the 55% 'yield' to persist over time, the fund value must collapse to approach zero, making it a long-term avoidance candidate. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.025436 |
| MSTL | 0.026113 |
| AutoTheta | 0.036877 |
| AutoARIMA | 0.046772 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 54% |
| H-stat | 2.80 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.965 |
| Excess Kurtosis | 0.08 |
As of April 19, 2026, 1:57 a.m. EDT: Speculators are positioning heavily on 1.5–2 year out calls at strikes significantly above current price (e.g., $17, $19 in Oct; $15+ in May/July), while equity market flows drive high Open Interest in puts at strikes above spot price (e.g., $14, $15 in July, $16 in Oct). This indicates deep out-of-the-money bullish sentiment (trading potential upside) combined with defensive hedging on upside strikes, rather than a trade for near-term directional moves.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.65% | 56.70% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-04-15 | 0.083 | 0.646417 |
| 2026-04-08 | 0.081 | 0.675511 |
| 2026-04-01 | 0.087 | 0.736615 |
| 2026-03-25 | 0.086 | 0.722622 |
| 2026-03-18 | 0.087 | 0.719660 |
| 2026-03-11 | 0.094 | 0.760308 |
| 2026-03-04 | 0.099 | 0.802882 |
| 2026-02-25 | 0.090 | 0.722657 |
| 2026-02-18 | 0.108 | 0.886096 |
| 2026-02-11 | 0.115 | 0.929165 |
| 2026-02-04 | 0.083 | 0.662867 |
| 2026-01-28 | 0.075 | 0.578161 |
| 2026-01-21 | 0.086 | 0.689051 |
| 2026-01-14 | 0.063 | 0.496667 |
| 2026-01-07 | 0.050 | 0.390052 |
| 2025-12-31 | 0.099 | 0.768509 |
| 2025-12-24 | 0.093 | 0.712404 |
| 2025-12-17 | 0.132 | 1.047964 |
| 2025-12-10 | 0.128 | 0.995219 |
| 2025-12-03 | 0.097 | 0.757193 |
| 2025-11-26 | 0.123 | 0.969847 |
| 2025-11-19 | 0.094 | 0.760536 |
| 2025-11-12 | 0.174 | 1.363705 |
| 2025-11-05 | 0.132 | 1.023129 |
| 2025-10-29 | 0.135 | 1.025168 |
| 2025-10-22 | 0.217 | 1.729589 |
| 2025-10-15 | 0.201 | 1.618653 |
| 2025-10-09 | 0.209 | 1.657339 |
| 2025-10-02 | 0.099 | 0.790573 |
| 2025-09-25 | 0.152 | 1.230139 |
| 2025-09-18 | 0.140 | 1.128779 |
| 2025-09-11 | 0.143 | 1.186626 |
| 2025-09-04 | 0.083 | 0.694742 |
| 2025-08-28 | 0.118 | 0.993065 |
| 2025-08-21 | 0.149 | 1.301565 |
| 2025-08-14 | 0.162 | 1.367989 |
| 2025-08-07 | 0.080 | 0.690071 |
| 2025-07-31 | 0.075 | 0.652404 |
| 2025-07-24 | 0.203 | 1.794237 |
| 2025-07-17 | 0.152 | 1.359481 |
| 2025-07-10 | 0.126 | 1.141157 |
| 2025-07-03 | 0.055 | 0.499966 |
| 2025-06-26 | 0.157 | 1.443642 |
| 2025-06-20 | 0.169 | 1.596406 |
| 2025-06-12 | 0.171 | 1.606546 |
| 2025-06-05 | 0.209 | 2.027032 |
| 2025-05-29 | 0.293 | 2.781656 |
| 2025-05-22 | 0.260 | 2.517182 |
| 2025-05-15 | 0.200 | 1.921745 |
| 2025-05-08 | 0.106 | 1.088599 |
| 2025-05-01 | 0.101 | 1.048894 |
| 2025-04-24 | 0.092 | 0.994052 |
| 2025-04-17 | 0.094 | 1.068175 |
| 2025-04-10 | 0.097 | 1.076956 |
| 2025-04-03 | 0.097 | 1.074283 |
| 2025-03-27 | 0.084 | 0.871266 |
| 2025-03-20 | 0.085 | 0.895131 |
| 2025-03-13 | 0.145 | 1.544572 |
| 2025-03-06 | 0.151 | 1.549982 |
| 2025-02-27 | 0.176 | 1.759118 |
| 2025-02-20 | 0.137 | 1.259737 |
| 2025-02-13 | 0.051 | 0.470162 |
| 2025-02-06 | 0.186 | 1.710169 |
| 2025-01-30 | 0.190 | 1.740051 |
| 2025-01-23 | 0.100 | 0.906156 |
| 2025-01-16 | 0.050 | 0.464043 |
| 2025-01-08 | 0.158 | 1.450765 |
| 2025-01-03 | 0.310 | 2.816377 |
| 2024-12-27 | 0.174 | 1.564406 |
| 2024-12-19 | 0.059 | 0.538349 |
| 2024-12-12 | 0.168 | 1.499302 |
| 2024-12-05 | 0.277 | 2.538152 |
| 2024-11-29 | 0.203 | 1.922352 |
| 2024-11-21 | 0.061 | 0.584972 |
| 2024-11-14 | 0.210 | 1.998441 |
| 2024-11-07 | 0.207 | 1.981731 |
| 2024-10-31 | 0.153 | 1.563314 |
| 2024-10-24 | 0.055 | 0.553662 |
| 2024-10-17 | 0.226 | 2.324561 |
| 2024-10-10 | 0.282 | 2.895395 |
| 2024-10-03 | 0.164 | 1.705330 |
| 2024-09-26 | 0.170 | 1.745277 |
| 2024-09-19 | 0.198 | 2.059076 |
| 2024-08-15 | 0.576 | 6.190438 |
| 2024-07-17 | 0.637 | 6.640902 |
| 2024-06-14 | 0.677 | 7.119156 |
| 2024-05-15 | 0.637 | 7.118828 |
| 2024-04-17 | 0.623 | 7.355970 |
| 2024-03-14 | 0.592 | 7.037996 |
| 2024-02-15 | 0.431 | 5.235715 |
| Attribute | Value |
|---|---|
| All Time High | 21.907 |
| All Time Low | 11.473 |
| Ask | 0.0 |
| Ask Size | 9,600 |
| Average Daily Volume10 Day | 728,970 |
| Average Daily Volume3 Month | 1,184,778 |
| Average Volume | 1,184,778 |
| Average Volume10Days | 728,970 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 7,700 |
| Category | Large Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 13.0 |
| Day Low | 12.8401 |
| Dividend Yield | 55.64 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 12.5978 |
| Fifty Day Average Change | 0.32219982 |
| Fifty Day Average Change Percent | 0.02557588 |
| Fifty Two Week Change Percent | -6.5123024 |
| Fifty Two Week High | 16.05 |
| Fifty Two Week High Change | -3.1299992 |
| Fifty Two Week High Change Percent | -0.19501553 |
| Fifty Two Week Low | 11.473 |
| Fifty Two Week Low Change | 1.4470005 |
| Fifty Two Week Low Change Percent | 0.12612225 |
| Fifty Two Week Range | 11.473 - 16.05 |
| First Trade Date Milliseconds | 1,706,625,000,000 |
| Full Exchange Name | NYSEArca |
| Fund Family | YieldMax ETFs |
| Fund Inception Date | 1,706,486,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is a “fund of funds,” meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. Under normal circumstances, the fund will be nearly fully invested in the seven Underlying YieldMax™ ETFs; provided that for tax purposes, instead of investing in a particular Underlying YieldMax™ ETF, the fund may invest directly in substantially the same instruments held by that same Underlying YieldMax™ ETF. The fund is non-diversified. |
| Long Name | YieldMax Magnificent 7 Fund of Option Income ETFs |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1864182166 |
| Nav Price | 13.0077 |
| Net Assets | 281,254,816.0 |
| Net Expense Ratio | 1.34 |
| Open | 13.0 |
| Pre Market Change | 0.06499958 |
| Pre Market Change Percent | 0.5032875 |
| Pre Market Price | 12.98 |
| Pre Market Time | 1,776,765,610 |
| Previous Close | 13.02 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.1 |
| Regular Market Change Percent | -0.768052 |
| Regular Market Day High | 13.0 |
| Regular Market Day Low | 12.8401 |
| Regular Market Day Range | 12.8401 - 13.0 |
| Regular Market Open | 13.0 |
| Regular Market Previous Close | 13.02 |
| Regular Market Price | 12.92 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 402,273 |
| Short Name | YieldMax Magnificent 7 Fund of |
| Source Interval | 15 |
| Symbol | YMAG |
| Total Assets | 281,254,816 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -9.00752 |
| Trailing Three Month Returns | -9.00752 |
| Triggerable | 1 |
| Two Hundred Day Average | 14.37715 |
| Two Hundred Day Average Change | -1.4571495 |
| Two Hundred Day Average Change Percent | -0.10135177 |
| Type Disp | ETF |
| Volume | 402,273 |
| Yield | 0.5564 |
| Ytd Return | -9.00752 |