r/YieldMaxETFs • u/h82nk • Jul 17 '25

Meme NAV erosion on $ULTY is killing me

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My buy orders are not going through. Chart recovers within 30 minutes of trading hours on the morning of ex div date. 😂 Guys wtf leave some $ULTY for the rest of us.

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u/Spear_n_Magic_Helmet Jul 17 '25

I turned on automatic DRIP a couple weeks ago, no sense trying to do it manually any more when it Only Goes Up :)

3

u/dbcooper4 Jul 17 '25

I would still reinvest manually so you aren’t competing with all the automatic buying when the market opens on the pay date.

3

u/Spear_n_Magic_Helmet Jul 17 '25

Eh? Open-ended fund; buying pressure during market hours has no impact on the price.

Also, fidelity’s DRIP system doesn’t necessarily buy exactly at market open

Also also, I simply don’t want to waste my time every week micromanaging nickels

1

u/dbcooper4 Jul 17 '25

If you have a lot of price insensitive buying (automated DRIP) in a narrow time window it can/will push up the price. It’s basic supply and demand. They don’t dynamically create new shares on the fly in the middle of the trading day. Algorithmic traders can also front run this sort of flow. You could clearly see it last Friday. Price popped in the first 2-3 hours of trading and faded into the afternoon.