YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Up 9.8% – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) rose 9.8% on Friday . The company traded as high as $20.64 and last traded at $20.74. Approximately 7,719,926 shares were traded during mid-day trading, an increase of 240% from the average daily 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 firm has a fifty day moving average price of $25.46 and a 200-day moving average price of $27.84.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

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

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc bought a new stake in YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $74,000. FNY Investment Advisers LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth approximately $131,000. Worth Asset Management LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth approximately $207,000. Argent Advisors Inc. purchased a new position in YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at approximately $263,000. Finally, Fiduciary Alliance LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at $786,000.

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.