SMCY is trading about 1.7% up now around $4.89 after a sharp 4.9% drop on July 01, 2026. The move comes as the YieldMax SMCI Option Income Strategy ETF goes ex-dividend for a weekly $0.07 distribution on July 02, 2026, with a very high indicated yield, and follows the prior session’s price adjustment. Broader U.S. equity indices are modestly higher, providing a supportive backdrop but not a primary driver.