YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 12-Month Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares reached a new 52-week low on Tuesday . The stock traded as low as $11.03 and last traded at $11.06, with a volume of 4568845 shares. The stock had previously closed at $11.86.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The company’s 50-day moving average price is $14.65 and its two-hundred day moving average price is $13.92.

YieldMax TSLA Option Income Strategy ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $1.2208 per share. The ex-dividend date was Friday, November 29th. This is a boost from YieldMax TSLA Option Income Strategy ETF’s previous dividend of $0.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TSLY. ORG Partners LLC lifted its stake 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 buying an additional 2,065 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at about $95,000. Finally, Sunbelt Securities Inc. lifted its position in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% during the third quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after purchasing an additional 201,862 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.