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

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY – Get Free Report) shares hit a new 52-week low on Thursday. The stock traded as low as $11.26 and last traded at $11.0930, with a volume of 308,580 shares changing hands. The stock had previously closed at $12.14.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The firm has a market cap of $836.41 million, a PE ratio of 978.76 and a beta of 2.24. The company’s 50-day simple moving average is $14.96 and its two-hundred day simple moving average is $18.54.

YieldMax MSTR Option Income Strategy ETF Company Profile

(Get Free Report)

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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