YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Hits New 52-Week Low – Should You Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares hit a new 52-week low on Tuesday . The company traded as low as $10.20 and last traded at $10.4170, with a volume of 1374386 shares trading hands. The stock had previously closed at $10.72.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The business’s 50 day moving average price is $13.77 and its two-hundred day moving average price is $18.62.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, November 6th will be given a dividend of $0.6074 per share. This represents a yield of 9,201.0%. The ex-dividend date of this dividend is Thursday, November 6th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MSTY. Versant Capital Management Inc lifted its position in YieldMax MSTR Option Income Strategy ETF by 92.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock valued at $31,000 after acquiring an additional 1,063 shares during the period. Sound Income Strategies LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at about $33,000. AdvisorNet Financial Inc lifted its position in YieldMax MSTR Option Income Strategy ETF by 29.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after acquiring an additional 1,124 shares during the period. CoreCap Advisors LLC lifted its position in YieldMax MSTR Option Income Strategy ETF by 49.9% during the 3rd quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock valued at $101,000 after acquiring an additional 2,413 shares during the period. Finally, J.Safra Asset Management Corp purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at about $170,000.

YieldMax MSTR Option Income Strategy ETF Company Profile

The YieldMax MSTR Option Income Strategy ETF (MSTY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the MicroStrategy stock (MSTR) through a synthetic covered call strategy, collateralized by cash and US Treasurys.