YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY – Get Free Report)’s share price reached a new 52-week low on Friday . The stock traded as low as $16.45 and last traded at $16.62, with a volume of 1541228 shares changing hands. The stock had previously closed at $18.20.
YieldMax MSTR Option Income Strategy ETF Trading Down 9.7%
The company’s fifty day moving average price is $23.39 and its 200 day moving average price is $27.00.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC increased its holdings 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 purchasing an additional 14,600 shares during the period. Sunbelt Securities Inc. bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $216,000. Captrust Financial Advisors bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $341,000. NewEdge Advisors LLC bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $180,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of 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 during the period.
About YieldMax MSTR Option Income Strategy ETF
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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