Short Interest in YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Increases By 66.3%

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 4,805,641 shares, a growth of 66.3% from the July 30th total of 2,888,911 shares. Based on an average daily trading volume, of 1,362,669 shares, the short-interest ratio is presently 3.5 days. Currently, 8.1% of the company’s stock are sold short.

YieldMax MSTR Option Income Strategy ETF Trading Down 5.0%

Shares of NYSEARCA:MSTY opened at $14.58 on Wednesday. YieldMax MSTR Option Income Strategy ETF has a 52-week low of $11.53 and a 52-week high of $82.10. The business’s 50 day simple moving average is $13.12 and its two-hundred day simple moving average is $19.19.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSTY. 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 buying an additional 3,022 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 valued at $30,000 after buying an additional 975 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $216,000. NewEdge Advisors LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth about $180,000. Finally, Captrust Financial Advisors acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth about $341,000.

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.