YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Down – Time to Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $21.77, but opened at $20.55. YieldMax MSTR Option Income Strategy ETF shares last traded at $19.29, with a volume of 2,449,556 shares trading hands.

YieldMax MSTR Option Income Strategy ETF Stock Up 8.9 %

The business’s 50 day moving average is $26.05 and its 200-day moving average is $27.99.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, February 13th were given a $2.0216 dividend. The ex-dividend date of this dividend was Thursday, February 13th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new position in YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $74,000. FNY Investment Advisers LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at about $131,000. Worth Asset Management LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $207,000. Fiduciary Alliance LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the fourth quarter worth about $786,000. Finally, OLD Mission Capital LLC grew its stake in YieldMax MSTR Option Income Strategy ETF by 302.1% during the 4th quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock valued at $1,075,000 after acquiring an additional 30,694 shares in the last quarter.

About YieldMax MSTR Option Income Strategy ETF

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.