YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Up 9.8% – What’s Next?

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shot up 9.8% during trading on Friday . The company traded as high as $20.64 and last traded at $20.74. 7,719,926 shares changed hands during trading, an increase of 240% from the average session volume of 2,268,621 shares. The stock had previously closed at $18.89.

YieldMax MSTR Option Income Strategy ETF Stock Up 10.4 %

The business’s 50 day moving average is $25.46 and its two-hundred day moving average is $27.84.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth $74,000. FNY Investment Advisers LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at about $131,000. Worth Asset Management LLC purchased a new position in shares of YieldMax MSTR Option Income Strategy ETF during the fourth quarter worth about $207,000. Fiduciary Alliance LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at approximately $786,000. Finally, OLD Mission Capital LLC lifted 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.

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.