YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 1-Year Low – Time to Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares hit a new 52-week low on Thursday . The company traded as low as $11.40 and last traded at $11.46, with a volume of 1742341 shares changing hands. The stock had previously closed at $11.61.

YieldMax MSTR Option Income Strategy ETF Price Performance

The stock’s fifty day moving average price is $14.76 and its two-hundred day moving average price is $19.16.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, October 16th were issued a $0.6074 dividend. This represents a dividend yield of 27,158.0%. The ex-dividend date was Thursday, October 16th.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jump Financial LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $9,424,000. Fiduciary Alliance LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 35.4% during the 3rd quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock worth $1,433,000 after acquiring an additional 26,855 shares in the last quarter. Maripau Wealth Management LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth $1,017,000. ORG Partners LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 135.6% during the 3rd quarter. ORG Partners LLC now owns 20,904 shares of the company’s stock worth $292,000 after acquiring an additional 12,032 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth $288,000.

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.