YieldMax MSTR Option Income Strategy ETF Stock Scheduled to Reverse Split on Monday, December 8th (NYSEARCA:MSTY)

YieldMax MSTR Option Income Strategy ETF (NYSEARCA:MSTY) shares are scheduled to reverse split on Monday, December 8th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, December 7th.

YieldMax MSTR Option Income Strategy ETF Price Performance

NYSEARCA:MSTY opened at $7.00 on Friday. YieldMax MSTR Option Income Strategy ETF has a 1 year low of $6.66 and a 1 year high of $39.29. The business has a fifty day moving average of $11.20 and a 200-day moving average of $16.76.

YieldMax MSTR Option Income Strategy ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 28th will be given a $0.6074 dividend. This represents a yield of 10,043.0%. The ex-dividend date is Friday, November 28th.

Institutional Trading of YieldMax MSTR Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTY. Jump Financial LLC acquired a new stake in shares of YieldMax MSTR Option Income Strategy ETF in the 2nd quarter worth approximately $9,424,000. Maripau Wealth Management LLC bought a new stake in YieldMax MSTR Option Income Strategy ETF during the second quarter worth approximately $1,017,000. Fiduciary Alliance LLC lifted its position in YieldMax MSTR Option Income Strategy ETF by 99.4% in the second quarter. Fiduciary Alliance LLC now owns 75,767 shares of the company’s stock worth $1,680,000 after purchasing an additional 37,773 shares during the period. Arkadios Wealth Advisors acquired a new stake in YieldMax MSTR Option Income Strategy ETF in the third quarter worth approximately $477,000. Finally, Kingswood Wealth Advisors LLC bought a new position in YieldMax MSTR Option Income Strategy ETF during the 3rd quarter valued at $288,000.

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.