YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Unusually-High Trading Volume – Should You Buy?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) saw unusually-strong trading volume on Monday . Approximately 1,959,050 shares changed hands during trading, a decline of 34% from the previous session’s volume of 2,982,986 shares.The stock last traded at $23.42 and had previously closed at $23.59.

YieldMax MSTR Option Income Strategy ETF Stock Down 1.7 %

The company has a fifty day simple moving average of $21.07 and a 200-day simple moving average of $27.32.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

Institutional investors have recently bought and sold shares of the company. Argent Advisors Inc. increased its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 100.0% during the 1st quarter. Argent Advisors Inc. now owns 20,000 shares of the company’s stock worth $407,000 after buying an additional 10,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the first quarter worth $375,000. Fiduciary Alliance LLC raised its position in YieldMax MSTR Option Income Strategy ETF by 27.2% in the first quarter. Fiduciary Alliance LLC now owns 37,994 shares of the company’s stock valued at $772,000 after purchasing an additional 8,136 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of YieldMax MSTR Option Income Strategy ETF by 126.8% in the 1st quarter. AdvisorNet Financial Inc now owns 6,408 shares of the company’s stock valued at $130,000 after purchasing an additional 3,583 shares during the last quarter. Finally, OLD Mission Capital LLC grew its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 302.1% during the 4th quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock worth $1,075,000 after purchasing an additional 30,694 shares during the period.

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.