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

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares gapped down prior to trading on Monday . The stock had previously closed at $27.18, but opened at $25.63. YieldMax MSTR Option Income Strategy ETF shares last traded at $26.37, with a volume of 860,138 shares changing hands.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The company’s 50 day simple moving average is $31.39 and its two-hundred day simple moving average is $57.88.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 6th. Shareholders of record on Thursday, February 5th will be given a $0.3741 dividend. The ex-dividend date of this dividend is Thursday, February 5th. This represents a yield of 7,402.0%.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of institutional investors have recently modified their holdings of MSTY. Cornerstone Planning Group LLC raised its holdings 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 buying an additional 3,022 shares during the period. Farther Finance Advisors LLC grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 2,785.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 975 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in YieldMax MSTR Option Income Strategy ETF by 178.0% during the 3rd 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. Strategic Advocates LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $41,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $216,000.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.