YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 4% – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares were down 4% during mid-day trading on Monday . The stock traded as low as $8.20 and last traded at $8.18. Approximately 2,603,379 shares traded hands during trading, a decline of 43% from the average daily volume of 4,573,921 shares. The stock had previously closed at $8.52.

YieldMax TSLA Option Income Strategy ETF Trading Down 3.9 %

The company’s fifty day moving average price is $11.84 and its 200-day moving average price is $13.26.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

Several hedge funds have recently modified their holdings of the stock. ORG Partners LLC boosted its position in YieldMax TSLA Option Income Strategy ETF by 348.2% in the fourth quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock valued at $38,000 after buying an additional 2,065 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter worth $95,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% during the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after purchasing an additional 14,394 shares during 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.