YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY – Get Free Report)’s share price dropped 10.6% during trading on Monday . The stock traded as low as $8.02 and last traded at $7.90. Approximately 2,977,799 shares changed hands during trading, a decline of 34% from the average daily volume of 4,537,692 shares. The stock had previously closed at $8.84.
YieldMax TSLA Option Income Strategy ETF Trading Up 7.1 %
The firm has a fifty day moving average of $12.18 and a 200 day moving average of $13.37.
Institutional Trading of YieldMax TSLA Option Income Strategy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% during the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after acquiring an additional 14,394 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF in the 4th quarter worth about $95,000. Finally, ORG Partners LLC boosted its position in YieldMax TSLA Option Income Strategy ETF by 348.2% during the fourth quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock worth $38,000 after purchasing an additional 2,065 shares in the last quarter.
About YieldMax TSLA Option Income Strategy ETF
The YieldMax TSLA Option Income Strategy ETF (TSLY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Tesla stock (TSLA) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
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