YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 12-Month Low – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price reached a new 52-week low on Monday . The company traded as low as $7.02 and last traded at $7.05, with a volume of 854828 shares traded. The stock had previously closed at $7.72.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.7 %

The stock’s fifty day simple moving average is $10.13 and its two-hundred day simple moving average is $12.74.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in TSLY. Sunbelt Securities Inc. grew its stake in 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 worth $2,930,000 after buying an additional 201,862 shares during the period. ORG Partners LLC lifted its holdings in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% during the 4th 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 in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF during the 4th quarter worth $95,000.

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.