YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Up – Here’s What Happened

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $23.51, but opened at $24.96. YieldMax MSTR Option Income Strategy ETF shares last traded at $25.22, with a volume of 292,766 shares.

YieldMax MSTR Option Income Strategy ETF Stock Up 9.0%

The company’s fifty day simple moving average is $27.24 and its two-hundred day simple moving average is $47.53.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a $0.3741 dividend. This represents a yield of 6,696.0%. The ex-dividend date of this dividend was Thursday, February 26th.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Institutional investors have recently modified their holdings of the business. Jump Financial LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth approximately $9,424,000. Fiduciary Alliance LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% during the third quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock worth $1,433,000 after acquiring an additional 26,855 shares during the period. Maripau Wealth Management LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at $1,017,000. Arkadios Wealth Advisors bought a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at $477,000. Finally, FNY Investment Advisers LLC boosted its stake in YieldMax MSTR Option Income Strategy ETF by 178.0% in 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.

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.