YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Hits New 12-Month Low – What’s Next?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $31.08 and last traded at $31.5160, with a volume of 921392 shares changing hands. The stock had previously closed at $31.56.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The company has a 50-day moving average of $46.25 and a 200-day moving average of $76.74.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were given a $3.037 dividend. This represents a dividend yield of 8,592.0%. The ex-dividend date was Thursday, December 11th.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of large investors have recently bought and sold shares of MSTY. Versant Capital Management Inc boosted its stake in YieldMax MSTR Option Income Strategy ETF by 92.0% in the third quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock valued at $31,000 after acquiring an additional 1,063 shares during the period. Sound Income Strategies LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth approximately $33,000. Strategic Advocates LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at approximately $41,000. AdvisorNet Financial Inc boosted its position in YieldMax MSTR Option Income Strategy ETF by 29.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after purchasing an additional 1,124 shares during the period. Finally, CoreCap Advisors LLC grew its stake in YieldMax MSTR Option Income Strategy ETF by 49.9% during the 3rd quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after buying an additional 2,413 shares during the last quarter.

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.