YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down – Should You Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.49, but opened at $8.17. YieldMax TSLA Option Income Strategy ETF shares last traded at $8.45, with a volume of 575,058 shares trading hands.

YieldMax TSLA Option Income Strategy ETF Trading Down 3.3 %

The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $12.78.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC raised its holdings in shares of 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 purchasing an additional 2,065 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth approximately $95,000. Finally, Sunbelt Securities Inc. increased its holdings in YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock worth $2,930,000 after acquiring an additional 201,862 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.