YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Up – Should You Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares gapped up prior to trading on Thursday . The stock had previously closed at $12.99, but opened at $13.77. YieldMax MSTR Option Income Strategy ETF shares last traded at $13.66, with a volume of 902,930 shares trading hands.

YieldMax MSTR Option Income Strategy ETF Price Performance

The business has a 50-day moving average of $13.40 and a 200 day moving average of $19.78.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

A number of large investors have recently modified their holdings of MSTY. Sunbelt Securities Inc. acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 3rd quarter worth about $216,000. Captrust Financial Advisors acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at about $341,000. NewEdge Advisors LLC purchased a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the third quarter worth approximately $180,000. Cornerstone Planning Group LLC lifted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the fourth 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 boosted its position in shares of YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock valued at $30,000 after buying an additional 975 shares during the last quarter.

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