Short Interest in YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Decreases By 53.5%

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,583,093 shares, a decline of 53.5% from the May 14th total of 5,557,315 shares. Based on an average daily trading volume, of 1,827,452 shares, the days-to-cover ratio is currently 1.4 days. Currently, 5.2% of the shares of the company are short sold.

YieldMax MSTR Option Income Strategy ETF Price Performance

Shares of YieldMax MSTR Option Income Strategy ETF stock traded up $0.47 during trading hours on Friday, hitting $17.33. 1,484,798 shares of the company were exchanged, compared to its average volume of 1,496,040. YieldMax MSTR Option Income Strategy ETF has a 1 year low of $16.00 and a 1 year high of $114.80. The business has a 50-day moving average of $22.82 and a 200-day moving average of $26.21.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake 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 worth $30,000 after purchasing an additional 975 shares during the last quarter. Strategic Advocates LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $41,000. Cornerstone Planning Group LLC raised its stake 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 last quarter. NewEdge Advisors LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $180,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $216,000.

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.