YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 52-Week Low – What’s Next?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $16.45 and last traded at $16.62, with a volume of 1541228 shares. The stock had previously closed at $18.20.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The stock’s 50 day moving average price is $23.39 and its 200 day moving average price is $27.00.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $180,000. Cornerstone Planning Group LLC lifted its stake in YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock valued at $89,000 after purchasing an additional 3,022 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in YieldMax MSTR Option Income Strategy ETF by 178.0% in the 3rd 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 last quarter. Sunbelt Securities Inc. acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at about $216,000. Finally, Captrust Financial Advisors bought a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at about $341,000.

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.