NVDY ETF holdings change: NVDY, NVDY, NVDY enter the watchlistNVDY 美股 ETF 成交异动：YieldMax NVDA Option Income Strategy ETF

The ETF Signal

The YieldMax NVDA Option Income Strategy ETF (NVDY), which began trading on May 10, 2023 on the New York Stock Exchange Arca, posted an ETF flow/turnover spike signal: the fund saw $52.6 million in daily turnover, with volume 2.43 times its average level. Manager YieldMax issued an official GlobeNewswire announcement on May 13, 2026 declaring weekly distributions for Group 2 ETFs including NVDY. The fund currently holds $1.46 billion in assets under management, trades at $13.42 per share, and posted a 1.03% one-day price decline.

Portfolio Mechanics

NVDY is an explicitly actively managed ETF per its official strategy classification. It holds 7 total positions, with the top 5 holdings accounting for 82.81% of total portfolio weight, and the top 10 holdings accounting for 98.30% of total weight, indicating extremely high concentration. The core portfolio consists of short-dated U.S. Treasury bills maturing in 2026, which make up ~82.81% of total holdings. The remaining positions are NVIDIA (NVDA) option contracts: a 7.49% weight 2026 July 17 $200 call option, a 4.90% weight 2026 July 17 $195 call option, and a 1.62% weight 2026 July 17 $200.01 put option with a reported negative market value of -$25.3 million. Detected additions to tracked top holdings all relate to NVDY’s core option and Treasury positions, confirming active portfolio adjustments.

Active vs Passive Read

Per the provided strategy classification data, NVDY is explicitly an actively managed ETF, with no inference required from InvestLog. The fund’s mandate to generate weekly income via selling NVDA call options confirms its active, discretionary portfolio management approach.

Investor Relevance

The $1.46 billion AUM places NVDY in the mid-tier listed ETF space. The 2.43x average volume and $52.6 million daily turnover signal a sharp spike in trading activity, indicating elevated near-term investor interest. With over 82% of its portfolio concentrated in the top 5 holdings, the fund’s performance is tightly tied to both NVIDIA’s share price and short-dated U.S. Treasury bill performance. The consecutive weekly distribution announcements from YieldMax (most recently May 13, 2026) confirm the fund is executing its stated income strategy consistently.

Signal Limits

This analysis relies solely on point-in-time turnover data, a static holdings snapshot, and publicly disclosed distribution announcements. It does not predict future fund flows or performance outcomes. The holdings snapshot reflects a specific historical date, not current portfolio positioning, and the turnover spike could stem from institutional block trades or retail investor activity. This note does not constitute investment advice or a recommendation to buy, sell, or hold any security.