YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Down 7.8% – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) shares fell 7.8% during trading on Thursday . The stock traded as low as $12.31 and last traded at $12.31. 629,572 shares changed hands during trading, a decline of 58% from the average session volume of 1,491,428 shares. The stock had previously closed at $13.35.

YieldMax MSTR Option Income Strategy ETF Stock Down 9.7%

The firm’s 50 day moving average is $21.98 and its 200-day moving average is $25.04.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at about $216,000. Captrust Financial Advisors bought a new stake in YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $341,000. FNY Investment Advisers LLC boosted its position in YieldMax MSTR Option Income Strategy ETF by 178.0% during the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock worth $318,000 after purchasing an additional 14,600 shares during the period. NewEdge Advisors LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter valued at approximately $180,000. Finally, Cornerstone Planning Group LLC grew its holdings 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 purchasing an additional 3,022 shares during the last quarter.

About YieldMax MSTR Option Income Strategy ETF

(Get Free Report)

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.

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