YieldMax MRNA Option Income Strategy ETF (NYSEARCA:MRNY) Shares Up 1.1% – Time to Buy?

YieldMax MRNA Option Income Strategy ETF (NYSEARCA:MRNY – Get Free Report) rose 1.1% during trading on Wednesday. The stock traded as high as $47.94 and last traded at $46.57. Approximately 641,189 shares changed hands during mid-day trading, an increase of 154% from the average daily volume of 252,506 shares. The stock had previously closed at $46.08.

YieldMax MRNA Option Income Strategy ETF Stock Down 2.3%

The stock has a 50-day moving average of $36.31 and a 200 day moving average of $23.68.

About YieldMax MRNA Option Income Strategy ETF

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The YieldMax MRNA Option Income Strategy ETF (MRNY) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to provide current income and capped gains on the Moderna stock (MRNA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. MRNY was launched on Oct 23, 2023 and is issued by YieldMax.

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