YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Stock Price Down 6.6% – What’s Next?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) fell 6.6% during mid-day trading on Thursday . The stock traded as low as $33.78 and last traded at $33.7580. 325,024 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,829,860 shares. The stock had previously closed at $36.13.

YieldMax MSTR Option Income Strategy ETF Price Performance

The firm has a 50-day simple moving average of $48.61 and a 200 day simple moving average of $78.53.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were paid a dividend of $3.037 per share. The ex-dividend date was Thursday, December 11th. This represents a dividend yield of 8,592.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in YieldMax MSTR Option Income Strategy ETF by 92.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,218 shares of the company’s stock worth $31,000 after acquiring an additional 1,063 shares during the period. Sound Income Strategies LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter valued at about $33,000. Strategic Advocates LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the third quarter valued at about $41,000. AdvisorNet Financial Inc lifted its holdings in YieldMax MSTR Option Income Strategy ETF by 29.8% in the third quarter. AdvisorNet Financial Inc now owns 4,898 shares of the company’s stock worth $68,000 after purchasing an additional 1,124 shares during the period. Finally, CoreCap Advisors LLC grew its position in YieldMax MSTR Option Income Strategy ETF by 49.9% in the 3rd quarter. CoreCap Advisors LLC now owns 7,251 shares of the company’s stock valued at $101,000 after buying an additional 2,413 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.