YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Down – Should You Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares gapped down prior to trading on Monday . The stock had previously closed at $13.58, but opened at $12.98. YieldMax MSTR Option Income Strategy ETF shares last traded at $13.52, with a volume of 512,507 shares traded.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The company has a 50 day simple moving average of $20.27 and a two-hundred day simple moving average of $23.94.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock valued at $30,000 after buying an additional 975 shares during the period. Strategic Advocates LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter worth $41,000. Cornerstone Planning Group LLC increased its position in YieldMax MSTR Option Income Strategy ETF by 16,788.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock valued at $89,000 after acquiring an additional 3,022 shares during the last quarter. NewEdge Advisors LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter valued at $180,000. Finally, Sunbelt Securities Inc. bought a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter valued at $216,000.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.