YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Reaches New 12-Month Low – Time to Sell?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) hit a new 52-week low on Thursday . The company traded as low as $31.08 and last traded at $31.5160, with a volume of 921392 shares changing hands. The stock had previously closed at $31.56.

YieldMax MSTR Option Income Strategy ETF Stock Up 3.9%

The firm’s 50-day moving average price is $44.85 and its 200-day moving average price is $75.89.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

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

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MSTY. FNY Investment Advisers LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 178.0% during the third quarter. FNY Investment Advisers LLC now owns 22,800 shares of the company’s stock worth $318,000 after acquiring an additional 14,600 shares during the period. Strategic Advocates LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 3rd quarter worth approximately $41,000. Sunbelt Securities Inc. acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at approximately $216,000. NewEdge Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the third quarter worth $180,000. Finally, Valeo Financial Advisors LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the third quarter valued at $213,000.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.