YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) Sees Large Increase in Short Interest

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,805,641 shares, a growth of 66.3% from the July 30th total of 2,888,911 shares. Based on an average trading volume of 1,362,669 shares, the days-to-cover ratio is currently 3.5 days. Currently, 8.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new stake in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth approximately $216,000. NewEdge Advisors LLC acquired a new stake in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter worth approximately $180,000. Captrust Financial Advisors purchased a new position in YieldMax MSTR Option Income Strategy ETF in the 2nd quarter valued at approximately $341,000. Farther Finance Advisors LLC boosted its position in YieldMax MSTR Option Income Strategy ETF by 2,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,010 shares of the company’s stock valued at $30,000 after buying an additional 975 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in shares of YieldMax MSTR Option Income Strategy ETF by 16,788.9% in the fourth quarter. Cornerstone Planning Group LLC now owns 3,040 shares of the company’s stock worth $89,000 after acquiring an additional 3,022 shares in the last quarter.

YieldMax MSTR Option Income Strategy ETF Stock Performance

NYSEARCA MSTY traded up $0.55 during trading on Monday, hitting $15.35. The stock had a trading volume of 1,753,573 shares, compared to its average volume of 1,520,110. The firm has a 50 day moving average price of $13.12 and a 200 day moving average price of $19.31. YieldMax MSTR Option Income Strategy ETF has a twelve month low of $11.53 and a twelve month high of $82.10.

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.