YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 1-Year Low – Should You Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLYGet Free Report) shares hit a new 52-week low during trading on Monday . The stock 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 Performance

The firm has a fifty day moving average price of $9.80 and a 200 day moving average price of $12.61.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC grew its holdings in YieldMax TSLA Option Income Strategy ETF by 348.2% during 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 during the period. FNY Investment Advisers LLC acquired a new stake in YieldMax TSLA Option Income Strategy ETF in the 4th quarter worth about $95,000. Finally, Sunbelt Securities Inc. raised its position in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the third quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after buying an additional 201,862 shares in the last quarter.

YieldMax TSLA Option Income Strategy ETF Company Profile

(Get Free Report)

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.

Further Reading

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