YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Down – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY)’s share price gapped down prior to trading 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 changing hands.

YieldMax MSTR Option Income Strategy ETF Stock Down 11.3 %

The company has a 50 day simple moving average of $26.23 and a 200-day simple moving average of $28.03.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, February 13th were given a dividend of $2.0216 per share. The ex-dividend date was Thursday, February 13th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OLD Mission Capital LLC raised its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 302.1% in the 4th 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 period. Fiduciary Alliance LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $786,000. Argent Advisors Inc. acquired a new position in YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $263,000. Worth Asset Management LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the fourth quarter worth $207,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at about $131,000.

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.