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

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) are set 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 closing bell on Sunday, December 7th.

YieldMax MSTR Option Income Strategy ETF Stock Down 0.8%

Shares of MSTY stock opened at $7.00 on Friday. YieldMax MSTR Option Income Strategy ETF has a 1 year low of $6.66 and a 1 year high of $39.29. The firm’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $16.76.

YieldMax MSTR Option Income Strategy ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 28th will be given a $0.6074 dividend. This represents a yield of 10,043.0%. The ex-dividend date is Friday, November 28th.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several hedge funds have recently made changes to their positions in MSTY. Fiduciary Alliance LLC increased 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 acquiring an additional 37,773 shares during the period. ORG Partners LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth approximately $191,000. Sound Income Strategies LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 2nd quarter worth approximately $33,000. FNY Investment Advisers LLC increased its position in shares of YieldMax MSTR Option Income Strategy ETF by 355.6% during the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock valued at $181,000 after purchasing an additional 6,400 shares during the period. Finally, Maripau Wealth Management LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the second quarter valued at $1,017,000.

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.