YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Down 5.3% – Here’s What Happened

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) dropped 5.3% during mid-day trading on Tuesday . The company traded as low as $6.74 and last traded at $6.8150. Approximately 6,247,841 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 9,046,488 shares. The stock had previously closed at $7.20.

YieldMax MSTR Option Income Strategy ETF Trading Down 4.5%

The business’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $17.17.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

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

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of hedge funds have recently modified their holdings of MSTY. Jump Financial LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth $9,424,000. Maripau Wealth Management LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth about $1,017,000. Fiduciary Alliance LLC increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 99.4% during the second quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock worth $1,680,000 after acquiring an additional 37,773 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $477,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at $288,000.

YieldMax MSTR Option Income Strategy ETF Company Profile

(Get Free Report)

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.

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