YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading 3.7% Higher – Still a Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) were up 3.7% on Tuesday . The stock traded as high as $8.14 and last traded at $8.1740. Approximately 2,831,496 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 8,956,163 shares. The stock had previously closed at $7.88.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The business has a 50 day moving average price of $12.71 and a two-hundred day moving average price of $17.78.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, November 14th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.6074 per share. This represents a dividend yield of 10,113.0%. The ex-dividend date was Thursday, November 13th.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 92.0% during the third quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock valued at $31,000 after buying an additional 1,063 shares during the period. AdvisorNet Financial Inc boosted its stake 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 valued at $68,000 after purchasing an additional 1,124 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter valued at about $33,000. CoreCap Advisors LLC increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 49.9% during the third quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock valued at $101,000 after buying an additional 2,413 shares during the period. Finally, FNY Investment Advisers LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 355.6% in the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock worth $181,000 after buying an additional 6,400 shares in the last quarter.

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.