YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Up 4.1% – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares were up 4.1% on Tuesday . The company traded as high as $8.52 and last traded at $8.58. Approximately 1,161,401 shares changed hands during trading, a decline of 54% from the average daily volume of 2,535,679 shares. The stock had previously closed at $8.24.

YieldMax TSLA Option Income Strategy ETF Stock Up 4.2 %

The company’s fifty day moving average is $10.34 and its two-hundred day moving average is $12.81.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% in the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after acquiring an additional 14,394 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at approximately $95,000. Finally, ORG Partners LLC grew its holdings 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 valued at $38,000 after purchasing an additional 2,065 shares during the period.

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.