YieldMax MRNA Option Income Strategy ETF (NYSEARCA:MRNY) Shares Up 9.2% – Time to Buy?

Shares of YieldMax MRNA Option Income Strategy ETF (NYSEARCA:MRNYGet Free Report) shot up 9.2% during mid-day trading on Friday . The company traded as high as $19.20 and last traded at $18.70. Approximately 308,695 shares changed hands during trading, an increase of 49% from the average daily volume of 207,254 shares. The stock had previously closed at $17.13.

YieldMax MRNA Option Income Strategy ETF Stock Performance

The company’s 50 day moving average price is $16.54 and its 200 day moving average price is $17.59.

About YieldMax MRNA Option Income Strategy ETF

(Get Free Report)

The YieldMax MRNA Option Income Strategy ETF (MRNY) is an exchange-traded fund that mostly invests in health care equity. The fund seeks to provide current income and capped gains on the Moderna stock (MRNA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. MRNY was launched on Oct 23, 2023 and is issued by YieldMax.

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