YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Down 7.8% – Time to Sell?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) dropped 7.8% on Thursday . The company traded as low as $12.31 and last traded at $12.31. 629,572 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,491,428 shares. The stock had previously closed at $13.35.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The stock’s 50 day moving average price is $21.54 and its 200-day moving average price is $24.78.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its stake in YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock worth $89,000 after acquiring an additional 3,022 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 975 shares during the period. FNY Investment Advisers LLC raised its stake in shares of YieldMax MSTR Option Income Strategy ETF by 178.0% during the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock valued at $318,000 after acquiring an additional 14,600 shares in the last quarter. Strategic Advocates LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the third quarter valued at 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.