YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Unusually-High Trading Volume – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) saw an uptick in trading volume on Monday . 3,041,906 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 3,597,392 shares.The stock last traded at $22.97 and had previously closed at $22.89.

YieldMax MSTR Option Income Strategy ETF Trading Up 2.4%

The company’s 50 day moving average price is $21.85 and its 200 day moving average price is $26.78.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 302.1% in the fourth quarter. OLD Mission Capital LLC now owns 40,853 shares of the company’s stock worth $1,075,000 after buying an additional 30,694 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the first quarter worth $375,000. Argent Advisors Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth approximately $263,000. Fiduciary Alliance LLC increased its stake in shares of YieldMax MSTR Option Income Strategy ETF by 27.2% in the 1st quarter. Fiduciary Alliance LLC now owns 37,994 shares of the company’s stock valued at $772,000 after acquiring an additional 8,136 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 126.8% during the 1st quarter. AdvisorNet Financial Inc now owns 6,408 shares of the company’s stock worth $130,000 after acquiring an additional 3,583 shares in the last quarter.

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.