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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.54 and last traded at $9.61, with a volume of 6205766 shares. The stock had previously closed at $9.97.

YieldMax TSLA Option Income Strategy ETF Trading Down 3.6 %

The firm’s fifty day simple moving average is $13.46 and its 200 day simple moving average is $13.67.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLY. ORG Partners LLC boosted 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 acquiring an additional 2,065 shares during the period. FNY Investment Advisers LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF in the 4th quarter valued at $95,000. Finally, Sunbelt Securities Inc. boosted its stake in 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 purchasing an additional 14,394 shares during the period.

YieldMax TSLA Option Income Strategy ETF Company Profile

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.