YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Down 5.9% – Time to Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price dropped 5.9% during trading on Friday . The company traded as low as $29.52 and last traded at $29.3410. Approximately 325,205 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,136,597 shares. The stock had previously closed at $31.18.

YieldMax MSTR Option Income Strategy ETF Trading Down 2.9%

The stock’s fifty day simple moving average is $36.72 and its two-hundred day simple moving average is $68.62.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 9th. Stockholders of record on Thursday, January 8th will be given a dividend of $0.3741 per share. This represents a dividend yield of 6,239.0%. The ex-dividend date is Thursday, January 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew 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 worth $181,000 after acquiring an additional 6,400 shares during the last quarter. Fiduciary Alliance LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% in the third quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock valued at $1,433,000 after purchasing an additional 26,855 shares during the period. Jump Financial LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter valued at approximately $9,424,000. ORG Partners LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $191,000. Finally, Maripau Wealth Management LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $1,017,000.

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