YieldMax MSTR Option Income Strategy ETF (MSTY)
| Assets | $1.08B |
| Expense Ratio | 0.99% |
| PE Ratio | 978.76 |
| Shares Out | 45.02M |
| Dividend (ttm) | $68.97 |
| Dividend Yield | 299.09% |
| Ex-Dividend Date | Feb 26, 2026 |
| Payout Ratio | 292,735.69% |
| 1-Year Return | -77.67% |
| Volume | 700,375 |
| Open | 22.87 |
| Previous Close | 23.43 |
| Day's Range | 22.78 - 23.16 |
| 52-Week Low | 19.17 |
| 52-Week High | 126.50 |
| Beta | 2.28 |
| Holdings | 32 |
| Inception Date | Feb 22, 2024 |
About MSTY
Fund Home PageThe 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.
Top 10 Holdings
125.14% of assets| Name | Symbol | Weight |
|---|---|---|
| OTHER ASSETS AND LIABILITIES | n/a | 45.54% |
| United States Treasury Bills 0% | B.0 08.06.26 | 15.32% |
| United States Treasury Bills 0% | B.0 07.09.26 | 14.54% |
| United States Treasury Bills 0% | B.0 06.11.26 | 13.28% |
| United States Treasury Bills 0% | B.0 04.09.26 | 7.70% |
| United States Treasury Bills 0% | B.0 09.03.26 | 7.56% |
| MSTR US 03/20/26 C140 | n/a | 7.39% |
| MSTR US 03/20/26 C160 | n/a | 5.94% |
| MSTR US 04/17/26 C130 | n/a | 4.75% |
| United States Treasury Bills 0% | B.0 05.12.26 | 3.11% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 26, 2026 | $0.3017 | Feb 27, 2026 |
| Feb 19, 2026 | $0.3607 | Feb 20, 2026 |
| Feb 12, 2026 | $0.298 | Feb 13, 2026 |
| Feb 5, 2026 | $0.3083 | Feb 6, 2026 |
| Jan 29, 2026 | $0.3725 | Jan 30, 2026 |
| Jan 22, 2026 | $0.430 | Jan 23, 2026 |
News
MSTY: The 308% Yield Is A Total Myth
YieldMax MSTR Option Income Strategy ETF (MSTY) advertises a 308% trailing yield, but this is driven by a collapsing NAV. The "yield" is mostly a mirage. MSTY's NAV has fallen 81% in the past year, wi...
MSTY: Buy For Income And Upside Exposure On Strategy
The YieldMax MSTR Option Income Strategy ETF is rated a buy for its consistent income and reduced exposure to MSTR's Bitcoin-driven volatility. MSTY's options strategies—covered calls and call spreads...
MSTY: Using WNTR To Offset Downside Until Strategy And Bitcoin Recovery
Yieldmax MSTR Option Income Strategy ETF offers robust income but is highly sensitive to MSTR and Bitcoin price movements. Holding MSTY alongside WNTR, which shorts MSTR, can mitigate downside risk wh...
MSTY: High Yield Is A Value Trap As NAV Erosion Outpaces Distributions
In this article, I outline the reasons why I have decided to give MSTY a 'last chance' to remain in my portfolio. The staggering 241% dividend yield is currently being offset by significant NAV erosio...
MSTY Through A Bear Regime: What The First Full Cycle Reveals
I maintain a Sell rating on the Yieldmax MSTR Option Income Strategy ETF due to persistent structural issues and underwhelming total return performance. MSTY's methodology remains unchanged despite MS...
Swap MSTY & Strategy For WNTR: High-Beta Reverse Bitcoin Exposure
WNTR is up 68%+ since October 2025, while BTC and IBIT are down over 20%, establishing WNTR as a high-beta inverse BTC exposure that can complement even long-term HODL positions. I remain skeptical of...
MSTY: Why It's Not As Bad As It Seems
YieldMax MSTR Option Income Strategy ETF (MSTY) closely tracks MSTR, serving as a high-yield covered call ETF proxying Bitcoin exposure. MSTY's recent share price decline is attributed to MSTR and Bit...
MSTY: Careful With This Fantastical Investment
YieldMax MSTR Option Income Strategy ETF (MSTY) offers a headline 110%+ yield but suffers from severe NAV erosion and high risk. MSTY's covered-call strategy on MSTR exposes investors to leveraged Bit...
Exit 200%+ Yield MSTY - And Don't Look Back
YieldMax MSTR Option Income Strategy ETF (MSTY) is now a strong sell due to ongoing Bitcoin weakness and MSTY's structural underperformance. BTC and major altcoin dominance declines, coupled with stab...
Dividend Harvesting Portfolio Week 249: $24,900 Allocated, $2,646.53 In Projected Dividends
The Dividend Harvesting Portfolio remains up 32.60% on invested capital, yielding 8.02%, despite a temporary dip in dividend income from the MSTY reverse split. A dovish Fed rate cut and bullish GDP p...
MSTY: The Dark Side Of Its 100%+ Yield
The Yieldmax MSTR Option Income Strategy ETF (MSTY) offers a headline 100%+ yield, but this is largely unsustainable and primarily funded by return of capital. MSTY consistently underperforms MSTR dur...
MSTY, BLOX, IWMI: Building A High-Income Portfolio
I construct covered call ETF portfolios using a three-bucket approach: safe, moderate, and ultra-high yield for balanced income and risk. Portfolio weightings target 50% in 10–25% yield ETFs, 30% in 2...
Is Your Retirement Income Enough? How I Leveled Up Mine With Covered Call ETFs
Yield for traditional income sources have started to compress. For income-oriented investors, who seek to build a reliable passive income machine it causes a real headache. To hit a certain target inc...
ETF Edge: Drivers behind leveraged & options-based funds and key trends for 2026
The overwhelming majority of single-stock ETFs and leveraged or inverse strategies are owned, not by institutional investors, but by retail investors. Individuals are pouring billions into increasingl...
MSTY: Understanding Its Performance And Potential
YieldMax MSTR Option Income Strategy ETF (MSTY) offers high income via covered calls on volatile MSTR, but has suffered alongside MSTR's decline. MSTY's recent price drop is tied to MSTR's weakness an...
Undercovered Dozen: Power Solutions, USA Rare Earth, Archer Aviation And More
The Undercovered Dozen highlights 12 lesser-followed stocks and ETFs, offering fresh investment ideas and sparking community discussion on Seeking Alpha. This week's edition covers articles published ...
MSTY: Why This Extremely Risky ETF Is Worth My Capital
YieldMax MSTR Option Income Strategy ETF offers an extremely high yield but carries significant risk and aggressive volatility due to its options-based strategy. MSTY's performance is closely tied to ...
MSTY's Dangerously High Yield: Direct Investment In Bitcoin A Better Idea
YieldMax MSTR Option Income ETF has suffered significant declines alongside cryptocurrencies and Strategy Inc. MSTY's dividends have been sharply reduced recently, reflecting falling net asset value. ...
MSTY: Weekly Instead Of Monthly Distributions From This 198% Yielding ETF
YieldMax MSTR Option Income Strategy ETF offers exceptionally high yields but comes with significant capital risk and extreme volatility. MSTY uses synthetic exposure to MSTR via options, generating i...
MSTY: Getting Interesting Again
Yieldmax MSTR Option Income Strategy ETF is regaining appeal after a period of NAV erosion and price volatility. MSTY's investment thesis centers on generating high income, not capturing upside, with ...
MSTW Over MSTY: The Better Pick Among Two Flawed Strategy Plays
Roundhill MSTR WeeklyPay ETF (MSTW) and Yieldmax MSTR Option Income Strategy ETF (MSTY) both rely on volatile MSTR for income generation. MSTW uses 20% weekly leverage, amplifying both drawdowns and r...
MSTY: Sucker Yield, But Has Its Place For Those Seeking Income, Not Alpha
YieldMax's MSTR Option Income Strategy ETF offers a massive 97% yield, appealing to investors focused solely on short-term income. MSTY employs a synthetic options strategy on MicroStrategy, capping u...
As the MSTR stock dives, is the 183% yielding MSTY a better buy?
The Strategy stock price continues to plunge this month and has now fallen to the lowest level since April this year. It has moved into a deep bear market after falling by 35 percent from its highest ...
YieldMax® ETFs Announces Distributions on WNTR, MSTY, ULTY, SLTY, SMCY, and Others
CHICAGO and MILWAUKEE and NEW YORK, Sept. 24, 2025 (GLOBE NEWSWIRE) -- YieldMax® today announced distributions for the YieldMax® Weekly Payers and Group D ETFs listed in the table below.
Where I'm Stashing My Retirement Income Cash Right Now (And Why)
Pessimistic market sentiment often creates generational buying opportunities. Legendary investors like Warren Buffett have made fortunes by being greedy when others are fearful. Unfortunately, while t...