YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 12% – Time to Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report)’s stock price rose 12% during mid-day trading on Monday . The company traded as high as $12.97 and last traded at $12.91. 1,778,009 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 1,515,576 shares. The stock had previously closed at $11.53.

YieldMax MSTR Option Income Strategy ETF Trading Up 12.0%

The company has a 50 day moving average price of $21.54 and a 200 day moving average price of $24.70.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth $216,000. Captrust Financial Advisors purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the second quarter valued at about $341,000. FNY Investment Advisers LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 178.0% during the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock worth $318,000 after acquiring an additional 14,600 shares during the period. NewEdge Advisors LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $180,000. Finally, Cornerstone Planning Group LLC raised its holdings in YieldMax MSTR Option Income Strategy ETF by 16,788.9% during the fourth quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock worth $89,000 after purchasing an additional 3,022 shares in 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.

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