YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 52-Week Low – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $30.46 and last traded at $30.6630, with a volume of 227164 shares. The stock had previously closed at $30.95.

YieldMax MSTR Option Income Strategy ETF Price Performance

The business has a 50-day moving average of $43.48 and a 200-day moving average of $74.39.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a $3.037 dividend. This represents a dividend yield of 8,592.0%. The ex-dividend date was Thursday, December 11th.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently added to or reduced their stakes in MSTY. FNY Investment Advisers LLC boosted its position in shares of YieldMax MSTR Option Income Strategy ETF by 355.6% during the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock valued at $181,000 after buying an additional 6,400 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% during the 3rd quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock worth $1,433,000 after acquiring an additional 26,855 shares during the last quarter. Jump Financial LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at $9,424,000. ORG Partners LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at $191,000. Finally, Maripau Wealth Management LLC bought a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $1,017,000.

About YieldMax MSTR Option Income Strategy ETF

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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.