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

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $15.88 and last traded at $16.03, with a volume of 356802 shares. The stock had previously closed at $16.49.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average price is $22.62 and its two-hundred day moving average price is $25.76.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake 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 worth $30,000 after acquiring an additional 975 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth approximately $41,000. Cornerstone Planning Group LLC grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock worth $89,000 after acquiring an additional 3,022 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth approximately $180,000. Finally, FNY Investment Advisers LLC grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 178.0% in the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock valued at $318,000 after buying an additional 14,600 shares in the last quarter.

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.

Further Reading

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