YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Up 5.2% – Should You Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares shot up 5.2% during trading on Monday . The stock traded as high as $15.18 and last traded at $15.15. Approximately 1,518,121 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 1,492,099 shares. The stock had previously closed at $14.40.

YieldMax MSTR Option Income Strategy ETF Stock Up 3.6%

The business’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $19.61.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of 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 worth $30,000 after buying an additional 975 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the 4th 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 in the last quarter. NewEdge Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth about $180,000. Sunbelt Securities Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the third quarter worth $216,000. Finally, Captrust Financial Advisors bought a new position in YieldMax MSTR Option Income Strategy ETF during the second quarter valued at approximately $341,000.

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.