YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 13.6% – Still a Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) rose 13.6% during mid-day trading on Friday . The company traded as high as $22.40 and last traded at $22.3050. Approximately 475,631 shares were traded during trading, a decline of 72% from the average daily volume of 1,727,859 shares. The stock had previously closed at $19.63.

YieldMax MSTR Option Income Strategy ETF Stock Up 22.3%

The firm has a 50 day moving average price of $30.86 and a 200 day moving average price of $56.67.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 6th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.3741 per share. The ex-dividend date was Thursday, February 5th. This represents a yield of 8,167.0%.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock valued at $89,000 after purchasing an additional 3,022 shares during the last quarter. Farther Finance Advisors LLC grew its position in YieldMax MSTR Option Income Strategy ETF by 2,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock worth $30,000 after purchasing an additional 975 shares in the last quarter. FNY Investment Advisers LLC increased its stake in YieldMax MSTR Option Income Strategy ETF by 178.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock valued at $318,000 after buying an additional 14,600 shares during the last quarter. Strategic Advocates LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $41,000. Finally, Sunbelt Securities Inc. bought a new position in shares of YieldMax MSTR Option Income Strategy ETF during the 3rd 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.