YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Stock Price Down 5.6% – Should You Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) dropped 5.6% during mid-day trading on Wednesday . The stock traded as low as $7.96 and last traded at $7.8260. Approximately 2,225,304 shares were traded during trading, a decline of 75% from the average daily volume of 8,961,090 shares. The stock had previously closed at $8.29.

YieldMax MSTR Option Income Strategy ETF Price Performance

The stock has a fifty day moving average price of $12.25 and a 200-day moving average price of $17.52.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 13th were paid a $0.6074 dividend. This represents a yield of 10,113.0%. The ex-dividend date was Thursday, November 13th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently modified their holdings of MSTY. Versant Capital Management Inc grew its position in shares of YieldMax MSTR Option Income Strategy ETF by 92.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock worth $31,000 after buying an additional 1,063 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the second quarter valued at approximately $33,000. AdvisorNet Financial Inc boosted its stake in YieldMax MSTR Option Income Strategy ETF by 29.8% in the third quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock valued at $68,000 after acquiring an additional 1,124 shares in the last quarter. CoreCap Advisors LLC grew its holdings in YieldMax MSTR Option Income Strategy ETF by 49.9% in the third quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock worth $101,000 after purchasing an additional 2,413 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter worth $170,000.

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.