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

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $12.99, but opened at $13.77. YieldMax MSTR Option Income Strategy ETF shares last traded at $13.66, with a volume of 902,930 shares changing hands.

YieldMax MSTR Option Income Strategy ETF Trading Up 2.8%

The firm has a 50-day simple moving average of $13.40 and a 200-day simple moving average of $19.78.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the fourth 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 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 worth $89,000 after buying an additional 3,022 shares during the last quarter. NewEdge Advisors LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter worth approximately $180,000. Captrust Financial Advisors purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $341,000. Finally, Sunbelt Securities Inc. bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter valued at about $216,000.

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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