Short Interest in YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Decreases By 53.5%

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,583,093 shares, a decline of 53.5% from the May 14th total of 5,557,315 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily volume of 1,827,452 shares, the days-to-cover ratio is presently 1.4 days.

YieldMax MSTR Option Income Strategy ETF Price Performance

MSTY stock traded up $0.47 during trading on Friday, hitting $17.33. 1,484,798 shares of the company’s stock were exchanged, compared to its average volume of 1,496,040. The business has a 50-day moving average price of $22.82 and a two-hundred day moving average price of $26.21. YieldMax MSTR Option Income Strategy ETF has a 52-week low of $16.00 and a 52-week high of $114.80.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake 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. Strategic Advocates LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $41,000. Cornerstone Planning Group LLC lifted its stake 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. NewEdge Advisors LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the third quarter worth approximately $180,000. Finally, FNY Investment Advisers LLC lifted 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 buying an additional 14,600 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.