YieldMax MSTR Option Income Strategy ETF
MSTY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Feb 22, 2024
- Website
- yieldmaxetfs.com
- Similar Companies
- Business
- YieldMax MSTR Option Income Strategy ETF (MSTY), a series of Tidal Trust II, is an actively managed exchange-traded fund that seeks current monthly income through a synthetic covered call strategy on MicroStrategy Incorporated (MSTR) common stock, while providing capped exposure to MSTR's share price returns; the strategy collateralizes options positions with cash and U.S. Treasurys, employs both standardized exchange-traded and FLEX options, writes call options against synthetic long exposure created by buying MSTR call options and selling MSTR put options, and generates income from option premiums and Treasury yields without direct investment in MSTR shares. MSTY targets income-focused investors seeking high yields from MSTR's volatility, which stems from its significant Bitcoin holdings, and operates within the derivative income segment of the U.S. ETF market; it lists on NYSE Arca with an expense ratio of 0.99%, assets under management exceeding $1.7 billion, and weekly distributions that have yielded over 300% on a trailing twelve-month basis as of late 2025. The fund, launched on February 22, 2024, is advised by Tidal Investments LLC and sub-advised by ZEGA Financial, with Tidal headquartered at 234 West Florida Street, Suite 203, Milwaukee, Wisconsin 53204. In recent developments, MSTY underwent a 1-for-5 reverse stock split as part of YieldMax ETFs' corporate actions to address share price consolidation across its suite; YieldMax, the brand under Tidal, expanded its offerings with new products including the YieldMax Performance & Distribution Target 25 ETF series (such as MSST on MSTR) in November 2025 targeting 25% annualized distributions via options strategies, the Ultra Short Option Income Strategy ETF (SLTY) in August 2025, its first UCITS ETF (YMAG) in Europe via partnership with HANetf in March 2025, and strategic updates to sister fund ULTY in December 2025 enhancing portfolio stability with lower-volatility large-cap additions. YieldMax maintains a growing family of over 40 option-income ETFs focused on single stocks, sectors, and funds-of-ETFs like YMAX and YMAG, distributed by Foreside Fund Services, LLC, with no reported acquisitions, funding rounds, or name changes specific to MSTY or its issuer in the last 1-2 years.