YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Gap Down – Time to Sell?

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) gapped down before the market opened on Tuesday . The stock had previously closed at $22.09, but opened at $20.95. YieldMax MSTR Option Income Strategy ETF shares last traded at $19.93, with a volume of 2,350,616 shares trading hands.

YieldMax MSTR Option Income Strategy ETF Trading Down 9.8 %

The company’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $28.21.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, February 13th were given a $2.0216 dividend. The ex-dividend date of this dividend was Thursday, February 13th.

Institutional Investors Weigh In On YieldMax MSTR Option Income Strategy ETF

Several large investors have recently made changes to their positions in MSTY. OLD Mission Capital LLC boosted its holdings in YieldMax MSTR Option Income Strategy ETF by 302.1% during 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 in the last quarter. Fiduciary Alliance LLC bought a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the 4th quarter worth $786,000. Argent Advisors Inc. acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter worth $263,000. Worth Asset Management LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF during the fourth quarter worth $207,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of YieldMax MSTR Option Income Strategy ETF in the 4th quarter valued at $131,000.

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.