YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Up 6.3% – Should You Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price rose 6.3% during mid-day trading on Wednesday . The stock traded as high as $18.47 and last traded at $18.29. Approximately 4,727,865 shares changed hands during trading, an increase of 79% from the average daily volume of 2,640,767 shares. The stock had previously closed at $17.20.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The company has a 50 day simple moving average of $21.95 and a 200 day simple moving average of $27.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. OLD Mission Capital LLC lifted its stake in shares of YieldMax MSTR Option Income Strategy ETF by 302.1% in the fourth quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock valued at $1,075,000 after purchasing an additional 30,694 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter valued at approximately $786,000. Argent Advisors Inc. purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth approximately $263,000. Worth Asset Management LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth approximately $207,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth approximately $131,000.

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.