YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Down 6.7% – What’s Next?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s stock price fell 6.7% on Friday . The stock traded as low as $21.50 and last traded at $21.08. 948,834 shares traded hands during trading, a decline of 61% from the average session volume of 2,419,916 shares. The stock had previously closed at $22.58.

YieldMax MSTR Option Income Strategy ETF Price Performance

The business has a 50-day moving average of $24.11 and a 200-day moving average of $27.78.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of large investors have recently made changes to their positions in MSTY. AdvisorNet Financial Inc bought a new stake in YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $74,000. FNY Investment Advisers LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth approximately $131,000. Worth Asset Management LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth approximately $207,000. Argent Advisors Inc. bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth approximately $263,000. Finally, Fiduciary Alliance LLC purchased a new position in YieldMax MSTR Option Income Strategy ETF during the 4th quarter valued at $786,000.

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.