YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 12-Month Low – Here’s What Happened

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) hit a new 52-week low during trading on Tuesday . The company traded as low as $10.20 and last traded at $10.4170, with a volume of 1374386 shares traded. The stock had previously closed at $10.72.

YieldMax MSTR Option Income Strategy ETF Stock Down 5.2%

The stock has a 50-day moving average of $14.05 and a 200 day moving average of $18.76.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, October 31st. Investors of record on Thursday, October 30th were given a $0.6074 dividend. This represents a yield of 9,761.0%. The ex-dividend date was Thursday, October 30th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in YieldMax MSTR Option Income Strategy ETF by 92.0% in the third quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock worth $31,000 after purchasing an additional 1,063 shares during the period. Sound Income Strategies LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the second quarter worth about $33,000. AdvisorNet Financial Inc grew its position in shares of YieldMax MSTR Option Income Strategy ETF by 29.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock worth $68,000 after buying an additional 1,124 shares during the period. CoreCap Advisors LLC grew its position in shares of YieldMax MSTR Option Income Strategy ETF by 49.9% during the 3rd quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after buying an additional 2,413 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth about $170,000.

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.