YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Unusually-High Trading Volume – Time to Buy?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares saw unusually-strong trading volume on Monday . Approximately 2,871,865 shares were traded during trading, an increase of 16% from the previous session’s volume of 2,465,478 shares.The stock last traded at $8.51 and had previously closed at $8.07.

YieldMax TSLA Option Income Strategy ETF Trading Up 2.1 %

The stock’s 50-day moving average price is $11.05 and its 200 day moving average price is $13.00.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. increased its holdings in 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 buying an additional 14,394 shares during the period. FNY Investment Advisers LLC bought a new stake in YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at about $95,000. Finally, ORG Partners LLC raised 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 worth $38,000 after purchasing an additional 2,065 shares in the last quarter.

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.