YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 12-Month Low – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) hit a new 52-week low on Thursday . The company traded as low as $7.37 and last traded at $7.55, with a volume of 12067380 shares. The stock had previously closed at $8.29.

YieldMax MSTR Option Income Strategy ETF Stock Down 8.9%

The firm’s fifty day moving average is $12.42 and its 200-day moving average is $17.59.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

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

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in MSTY. Jump Financial LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF in the second quarter valued at approximately $9,424,000. Maripau Wealth Management LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $1,017,000. Fiduciary Alliance LLC lifted its position in shares of YieldMax MSTR Option Income Strategy ETF by 99.4% during the 2nd quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock valued at $1,680,000 after acquiring an additional 37,773 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at $477,000. Finally, Kingswood Wealth Advisors LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter worth $288,000.

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.