YieldMax Corrects Pricing for GameStop Income Fund After Valuation Error
New York, Sunday, 26 April 2026.
YieldMax is correcting its GameStop income fund valuations after an accounting error understated share prices by $1.17 for nearly two months, directly impacting portfolio yield strategies.
The Anatomy of the Valuation Error
On April 26, 2026, Tidal Investments LLC, the investment adviser for the YieldMax GME Option Income Strategy ETF (NYSE Arca: GMEY), disclosed a necessary restatement of its net asset values (NAVs) [1][2]. Following a comprehensive review, the firm identified discrepancies spanning from March 2, 2026, through April 24, 2026 [1][2]. Specifically, the NAV reported for March 2 was overstated by $0.1949 per share [1][2]. Conversely, for every business day between March 3 and April 24, the fund’s NAV was understated by $1.1694 per share [1][2]. This represents an absolute per-share pricing swing of 1.364 between the initial overstatement and the subsequent understatements [1][2].
Operational Adjustments and Broader Context
To rectify the situation, Tidal Investments is currently collaborating with the fund’s service providers to execute necessary operational adjustments [1]. This includes the complex process of reprocessing affected creation and redemption activities that occurred during the mispriced period [1]. The firm explicitly noted that the published differences—the overstatement and the understatement—are strict per-share figures and do not accumulate over time [1][2]. Corrected NAV data will be disseminated through standard market data channels and the fund’s official website as the restatement process concludes [1].