Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY – Get Free Report) shot up 4.9% during mid-day trading on Friday . The company traded as high as $13.42 and last traded at $13.36. 365,385 shares traded hands during trading, a decline of 76% from the average daily volume of 1,500,003 shares. The stock had previously closed at $12.73.
YieldMax MSTR Option Income Strategy ETF Trading Up 0.8%
The stock has a 50-day moving average price of $19.26 and a 200 day moving average price of $23.41.
Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF
Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 2,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock worth $30,000 after purchasing an additional 975 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth $41,000. Cornerstone Planning Group LLC increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock worth $89,000 after purchasing an additional 3,022 shares during the period. NewEdge Advisors LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $180,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth approximately $216,000.
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.
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