YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 3.2% – Still a Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shot up 3.2% during mid-day trading on Wednesday . The stock traded as high as $23.13 and last traded at $23.13. 1,305,466 shares traded hands during trading, an increase of 3% from the average session volume of 1,273,061 shares. The stock had previously closed at $22.41.

YieldMax MSTR Option Income Strategy ETF Trading Up 3.2%

The firm has a fifty day moving average of $22.90 and a 200-day moving average of $35.51.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in 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. Farther Finance Advisors LLC raised its holdings in 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. FNY Investment Advisers LLC raised its holdings in 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 last quarter. Strategic Advocates LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter worth $41,000. Finally, Sunbelt Securities Inc. acquired a new position in YieldMax MSTR Option Income Strategy ETF during the third quarter worth $216,000.

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.