YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY – Get Free Report) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 2,583,093 shares, a decline of 53.5% from the May 14th total of 5,557,315 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 1,827,452 shares, the days-to-cover ratio is currently 1.4 days.
YieldMax MSTR Option Income Strategy ETF Trading Up 2.8%
Shares of NYSEARCA MSTY traded up $0.47 during trading hours on Friday, hitting $17.33. 1,484,798 shares of the stock were exchanged, compared to its average volume of 1,496,040. The firm has a fifty day moving average price of $22.82 and a 200-day moving average price of $26.14. YieldMax MSTR Option Income Strategy ETF has a 12 month low of $16.00 and a 12 month high of $114.80.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of MSTY. Farther Finance Advisors LLC increased its stake in YieldMax MSTR Option Income Strategy ETF by 2,785.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock valued at $30,000 after purchasing an additional 975 shares in the last quarter. Strategic Advocates LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at approximately $41,000. Cornerstone Planning Group LLC increased its stake in YieldMax MSTR Option Income Strategy ETF by 16,788.9% during the 4th 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. NewEdge Advisors LLC acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at approximately $180,000. Finally, Captrust Financial Advisors acquired a new position in YieldMax MSTR Option Income Strategy ETF during the 2nd quarter valued at approximately $341,000.
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.
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