YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Stock Price Down 13.9% – Here’s Why

Shares of YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) fell 13.9% on Thursday . The stock traded as low as $21.01 and last traded at $20.5180. 1,017,295 shares changed hands during trading, a decline of 39% from the average session volume of 1,660,858 shares. The stock had previously closed at $23.84.

YieldMax MSTR Option Income Strategy ETF Stock Performance

The firm’s 50-day moving average is $30.86 and its 200 day moving average is $57.03.

YieldMax MSTR Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 6th. Investors of record on Thursday, February 5th were issued a $0.3741 dividend. The ex-dividend date was Thursday, February 5th. This represents a yield of 8,167.0%.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 355.6% during the 2nd quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock worth $181,000 after purchasing an additional 6,400 shares during the period. Maripau Wealth Management LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $1,017,000. Jump Financial LLC purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $9,424,000. Captrust Financial Advisors acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the second quarter worth $341,000. Finally, Fiduciary Alliance LLC raised its stake in shares of YieldMax MSTR Option Income Strategy ETF by 35.4% in the 3rd quarter. Fiduciary Alliance LLC now owns 102,622 shares of the company’s stock valued at $1,433,000 after acquiring an additional 26,855 shares during the period.

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.