YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Trading Down 6.7% – Should You Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares were down 6.7% on Friday . The stock traded as low as $21.50 and last traded at $21.08. Approximately 948,834 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 2,419,916 shares. The stock had previously closed at $22.58.

YieldMax MSTR Option Income Strategy ETF Trading Down 9.8 %

The business has a 50-day simple moving average of $23.92 and a 200-day simple moving average of $27.82.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc bought a new position in YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth $74,000. FNY Investment Advisers LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF during the fourth quarter valued at about $131,000. Worth Asset Management LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter valued at about $207,000. Argent Advisors Inc. bought a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $263,000. Finally, Fiduciary Alliance LLC bought a new position in shares of YieldMax MSTR Option Income Strategy ETF in the fourth quarter worth about $786,000.

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.