YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 12% – Still a Buy?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) were up 12% during trading on Monday . The stock traded as high as $12.97 and last traded at $12.91. Approximately 1,778,009 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 1,515,576 shares. The stock had previously closed at $11.53.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The stock has a 50-day moving average price of $21.54 and a 200 day moving average price of $24.70.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its stake in YieldMax MSTR Option Income Strategy ETF by 178.0% in the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock valued at $318,000 after purchasing an additional 14,600 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $216,000. Captrust Financial Advisors acquired a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at about $341,000. NewEdge Advisors LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $180,000. Finally, Cornerstone Planning Group LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 16,788.9% during the 4th quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock valued at $89,000 after acquiring an additional 3,022 shares during the last quarter.

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.