YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 12-Month Low – Should You Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $30.46 and last traded at $30.6630, with a volume of 227164 shares traded. The stock had previously closed at $30.95.

YieldMax MSTR Option Income Strategy ETF Stock Down 0.6%

The stock’s fifty day moving average price is $43.48 and its 200 day moving average price is $74.39.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were paid a $3.037 dividend. This represents a yield of 8,592.0%. The ex-dividend date was Thursday, December 11th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of MSTY. Sound Income Strategies LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the second quarter valued at approximately $33,000. Versant Capital Management Inc increased its holdings in YieldMax MSTR Option Income Strategy ETF by 92.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock worth $31,000 after purchasing an additional 1,063 shares during the period. Strategic Advocates LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at $41,000. AdvisorNet Financial Inc raised its position in YieldMax MSTR Option Income Strategy ETF by 29.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after purchasing an additional 1,124 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 49.9% in the 3rd quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after buying an additional 2,413 shares during the period.

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.