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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLYGet Free Report)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $6.90 and last traded at $7.05, with a volume of 6610602 shares traded. The stock had previously closed at $7.40.

YieldMax TSLA Option Income Strategy ETF Trading Up 5.9 %

The business’s 50-day simple moving average is $8.73 and its 200-day simple moving average is $12.15.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sunbelt Securities Inc. grew its position in shares of 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 buying an additional 14,394 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in YieldMax TSLA Option Income Strategy ETF by 25.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock worth $291,000 after acquiring an additional 7,154 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter valued at approximately $95,000. ORG Wealth Partners LLC bought a new stake in YieldMax TSLA Option Income Strategy ETF in the first quarter valued at approximately $27,000. Finally, ORG Partners LLC raised its holdings 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 during the period.

About YieldMax TSLA Option Income Strategy ETF

(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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