YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) saw unusually-strong trading volume on Monday . Approximately 2,647,268 shares traded hands during trading, an increase of 12% from the previous session’s volume of 2,373,677 shares.The stock last traded at $22.53 and had previously closed at $21.57.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The business’s 50 day simple moving average is $24.40 and its 200-day simple moving average is $27.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $74,000. FNY Investment Advisers LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the fourth quarter worth approximately $131,000. Worth Asset Management LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $207,000. Argent Advisors Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at about $263,000. Finally, Fiduciary Alliance LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth approximately $786,000.

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.