YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Unusually-High Trading Volume – Still a Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) saw unusually-high trading volume on Monday . Approximately 2,647,268 shares changed hands during mid-day trading, an increase of 12% from the previous session’s volume of 2,373,677 shares.The stock last traded at $22.53 and had previously closed at $21.57.

YieldMax MSTR Option Income Strategy ETF Stock Up 4.8 %

The stock has a fifty day moving average price of $24.63 and a 200-day moving average price of $27.81.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, March 13th were given a dividend of $2.0216 per share. The ex-dividend date was Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC boosted its position in YieldMax MSTR Option Income Strategy ETF by 302.1% during 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 last quarter. Fiduciary Alliance LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at approximately $786,000. Argent Advisors Inc. bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at approximately $263,000. Worth Asset Management LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at approximately $207,000. Finally, FNY Investment Advisers LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at approximately $131,000.

YieldMax MSTR Option Income Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

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