YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Large Drop in Short Interest

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was the recipient of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 3,823,557 shares, a decline of 24.3% from the January 15th total of 5,048,227 shares. Currently, 8.2% of the shares of the stock are sold short. Based on an average trading volume of 1,687,153 shares, the short-interest ratio is presently 2.3 days. Based on an average trading volume of 1,687,153 shares, the short-interest ratio is presently 2.3 days. Currently, 8.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the fourth 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. Versant Capital Management Inc raised its holdings in YieldMax MSTR Option Income Strategy ETF by 92.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock worth $31,000 after buying an additional 1,063 shares during the period. AdvisorNet Financial Inc lifted its stake in YieldMax MSTR Option Income Strategy ETF by 29.8% during the third quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after buying an additional 1,124 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 49.9% in the third quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after buying an additional 2,413 shares during the period. Finally, Strategic Advocates LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the third quarter worth about $41,000.

YieldMax MSTR Option Income Strategy ETF Price Performance

NYSEARCA MSTY traded up $1.64 on Friday, reaching $23.92. The company’s stock had a trading volume of 1,261,704 shares, compared to its average volume of 1,711,599. YieldMax MSTR Option Income Strategy ETF has a twelve month low of $19.17 and a twelve month high of $128.90. The firm’s 50 day moving average is $29.67 and its two-hundred day moving average is $53.84.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 13th. Stockholders of record on Thursday, February 12th were given a dividend of $0.3741 per share. This represents a dividend yield of 6,955.0%. The ex-dividend date was Thursday, February 12th.

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.