YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Significant Growth in Short Interest

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 4,805,641 shares, an increase of 66.3% from the July 30th total of 2,888,911 shares. Currently, 8.1% of the company’s stock are short sold. Based on an average daily volume of 1,362,669 shares, the short-interest ratio is presently 3.5 days.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new position in YieldMax MSTR Option Income Strategy ETF in the third quarter worth approximately $216,000. Captrust Financial Advisors purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at approximately $341,000. NewEdge Advisors LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 3rd quarter valued at approximately $180,000. Cornerstone Planning Group LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the 4th quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock valued at $89,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 2,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock valued at $30,000 after purchasing an additional 975 shares in the last quarter.

YieldMax MSTR Option Income Strategy ETF Trading Up 3.7%

MSTY traded up $0.55 on Monday, hitting $15.35. 1,753,573 shares of the company were exchanged, compared to its average volume of 1,520,110. The firm has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $19.31. YieldMax MSTR Option Income Strategy ETF has a twelve month low of $11.53 and a twelve month high of $82.10.

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. The actively managed fund uses both standardized exchange-traded and FLEX options. MSTY was launched on Feb 22, 2024 and is issued by YieldMax.