YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 1.9% – Here’s What Happened

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price was up 1.9% during trading on Wednesday . The company traded as high as $24.16 and last traded at $23.66. Approximately 887,167 shares were traded during trading, a decline of 31% from the average daily volume of 1,285,295 shares. The stock had previously closed at $23.22.

YieldMax MSTR Option Income Strategy ETF Price Performance

The business has a 50 day simple moving average of $24.91 and a 200-day simple moving average of $41.16.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a dividend of $0.3741 per share. The ex-dividend date was Thursday, February 26th. This represents a yield of 6,696.0%.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF in the second quarter valued at about $9,424,000. Captrust Financial Advisors bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth approximately $341,000. Fiduciary Alliance LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% in the 3rd quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock worth $1,433,000 after purchasing an additional 26,855 shares during the period. AdvisorNet Financial Inc lifted its stake in YieldMax MSTR Option Income Strategy ETF by 29.8% in the third 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 during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in YieldMax MSTR Option Income Strategy ETF by 49.9% in the third quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock valued at $101,000 after purchasing an additional 2,413 shares during 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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.