YieldMax MSTR Option Income Strategy ETF Stock Scheduled to Reverse Split on Monday, December 8th (NYSEARCA:MSTY)

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) are going to reverse split on Monday, December 8th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, December 7th.

YieldMax MSTR Option Income Strategy ETF Stock Performance

Shares of MSTY stock opened at $7.36 on Thursday. The company’s fifty day moving average price is $10.70 and its 200-day moving average price is $16.42. YieldMax MSTR Option Income Strategy ETF has a 12 month low of $6.22 and a 12 month high of $39.29.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, December 4th will be given a dividend of $0.6074 per share. This represents a yield of 10,043.0%. The ex-dividend date of this dividend is Thursday, December 4th.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MSTY. Jump Financial LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter valued at approximately $9,424,000. Maripau Wealth Management LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at approximately $1,017,000. Fiduciary Alliance LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 99.4% during the second quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock valued at $1,680,000 after buying an additional 37,773 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in YieldMax MSTR Option Income Strategy ETF in the third quarter worth $477,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the third quarter worth $288,000.

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.