The Tidal Trust II YieldMax Ultra Option Income Strategy ETF (ULTY) experienced a positive movement, driven by a combination of favorable market conditions and strategic fund distributions. The ETF's underlying assets benefited from a robust performance in growth sectors, particularly technology, communication services, and consumer discretionary, which outperformed other sectors in the S&P 500. This sectoral strength was supported by economic data indicating healthy job growth, as evidenced by the ADP private-employment survey, which reported an addition of 146,000 jobs in November. Additionally, the announcement of distributions by YieldMax™ ETFs, including ULTY, likely contributed to investor interest, as these distributions offer attractive yields, enhancing the ETF's appeal in a low-yield environment.
The ULTY ETF closed at $10.20, marking a 1.39% increase from the previous close, with a slight additional gain of 0.1% after market hours as of 4:40 PM on Wednesday, December 4th.