YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Shares Down 6.7% – Here’s Why

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) was down 6.7% during mid-day trading on Friday . The company traded as low as $21.50 and last traded at $21.08. Approximately 948,834 shares were traded 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 firm’s fifty day moving average is $23.92 and its 200 day moving average is $27.82.

Hedge Funds Weigh In On YieldMax MSTR Option Income Strategy ETF

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