YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Stock Price Down 11.5% – Here’s What Happened

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares traded down 11.5% during mid-day trading on Monday . The stock traded as low as $18.19 and last traded at $18.25. 2,009,495 shares were traded during trading, a decline of 22% from the average session volume of 2,563,492 shares. The stock had previously closed at $20.63.

YieldMax MSTR Option Income Strategy ETF Price Performance

The company’s 50-day moving average price is $22.30 and its 200-day moving average price is $27.66.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Worth Asset Management LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $207,000. Fiduciary Alliance LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth about $786,000. AdvisorNet Financial Inc acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at about $74,000. FNY Investment Advisers LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at approximately $131,000. Finally, Argent Advisors Inc. acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth about $263,000.

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.