YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sets New 12-Month Low – Here’s What Happened

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTYGet Free Report) hit a new 52-week low on Tuesday . The company traded as low as $10.20 and last traded at $10.4170, with a volume of 1374386 shares. The stock had previously closed at $10.72.

YieldMax MSTR Option Income Strategy ETF Trading Down 5.2%

The stock has a fifty day moving average price of $14.05 and a two-hundred day moving average price of $18.76.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, October 31st. Stockholders of record on Thursday, October 30th were issued a dividend of $0.6074 per share. The ex-dividend date of this dividend was Thursday, October 30th. This represents a dividend yield of 9,761.0%.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC lifted its holdings in shares of YieldMax MSTR Option Income Strategy ETF by 355.6% during the second quarter. FNY Investment Advisers LLC now owns 8,200 shares of the company’s stock worth $181,000 after buying an additional 6,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the first quarter worth $375,000. ORG Partners LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth $191,000. Sound Income Strategies LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the second quarter worth $33,000. Finally, Fiduciary Alliance LLC raised its stake in YieldMax MSTR Option Income Strategy ETF by 99.4% in the second quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock valued at $1,680,000 after purchasing an additional 37,773 shares in the last quarter.

YieldMax MSTR Option Income Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for YieldMax MSTR Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax MSTR Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.