YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Short Interest Up 46.2% in May

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 43,640,000 shares, a growth of 46.2% from the May 15th total of 29,850,000 shares. Based on an average trading volume of 8,913,700 shares, the short-interest ratio is presently 4.9 days. Approximately 24.8% of the company’s shares are short sold.

YieldMax MSTR Option Income Strategy ETF Stock Performance

Shares of MSTY stock opened at $20.85 on Wednesday. The company’s 50-day simple moving average is $22.28 and its two-hundred day simple moving average is $24.94. YieldMax MSTR Option Income Strategy ETF has a one year low of $17.10 and a one year high of $46.50.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its position in shares of YieldMax MSTR Option Income Strategy ETF by 126.8% in the 1st quarter. AdvisorNet Financial Inc now owns 6,408 shares of the company’s stock worth $130,000 after purchasing an additional 3,583 shares during the period. Fiduciary Alliance LLC lifted its position in YieldMax MSTR Option Income Strategy ETF by 27.2% during the first quarter. Fiduciary Alliance LLC now owns 37,994 shares of the company’s stock valued at $772,000 after acquiring an additional 8,136 shares during the last quarter. Argent Advisors Inc. purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at approximately $263,000. Cambridge Investment Research Advisors Inc. purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the first quarter valued at approximately $375,000. Finally, OLD Mission Capital LLC lifted its position in YieldMax MSTR Option Income Strategy ETF by 302.1% during the fourth quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock valued at $1,075,000 after acquiring an additional 30,694 shares during the last quarter.

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.