YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Strong Trading Volume – Should You Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares saw unusually-high trading volume on Tuesday . Approximately 2,725,279 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 3,830,500 shares.The stock last traded at $21.60 and had previously closed at $21.52.

YieldMax MSTR Option Income Strategy ETF Price Performance

The stock has a 50-day moving average price of $22.14 and a two-hundred day moving average price of $26.51.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Hedge funds have recently modified their holdings of the stock. Argent Advisors Inc. acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth approximately $263,000. OLD Mission Capital LLC lifted its stake in shares of YieldMax MSTR Option Income Strategy ETF by 302.1% during the fourth quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock worth $1,075,000 after buying an additional 30,694 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the first quarter valued at $375,000. Fiduciary Alliance LLC grew its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 27.2% during the first quarter. Fiduciary Alliance LLC now owns 37,994 shares of the company’s stock valued at $772,000 after buying an additional 8,136 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 126.8% in the 1st quarter. AdvisorNet Financial Inc now owns 6,408 shares of the company’s stock valued at $130,000 after acquiring an additional 3,583 shares during the period.

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.