YieldMax MSTR Option Income Strategy ETF Stock Scheduled to Reverse Split on Monday, December 8th (NYSEARCA:MSTY)

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares are going to reverse split on the morning of Monday, December 8th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, December 7th.

YieldMax MSTR Option Income Strategy ETF Price Performance

NYSEARCA MSTY opened at $7.00 on Friday. YieldMax MSTR Option Income Strategy ETF has a 52-week low of $6.66 and a 52-week high of $39.29. The firm has a 50-day moving average price of $11.20 and a 200 day moving average price of $16.76.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 28th will be given a dividend of $0.6074 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 10,043.0%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSTY. FNY Investment Advisers LLC grew its stake in YieldMax MSTR Option Income Strategy ETF by 355.6% in the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock worth $181,000 after purchasing an additional 6,400 shares in the last quarter. ORG Partners LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the second quarter valued at approximately $191,000. Maripau Wealth Management LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth approximately $1,017,000. Sound Income Strategies LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth approximately $33,000. Finally, Fiduciary Alliance LLC increased its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 99.4% in the 2nd quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock valued at $1,680,000 after acquiring an additional 37,773 shares during the last quarter.

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.