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

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

YieldMax MSTR Option Income Strategy ETF Stock Performance

The company’s 50-day simple moving average is $13.17 and its 200 day simple moving average is $19.48.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in YieldMax MSTR Option Income Strategy ETF during the third quarter worth $216,000. Captrust Financial Advisors bought a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $341,000. NewEdge Advisors LLC bought a new position in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at $180,000. Cornerstone Planning Group LLC grew its stake 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 valued at $89,000 after purchasing an additional 3,022 shares during the period. Finally, Farther Finance Advisors LLC increased 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 valued at $30,000 after purchasing an additional 975 shares during the last quarter.

YieldMax MSTR Option Income Strategy ETF Company Profile

(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.

Further Reading

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