YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Up 3.1% – Here’s What Happened

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) rose 3.1% during trading on Wednesday . The company traded as high as $22.47 and last traded at $22.45. Approximately 404,081 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 704,499 shares. The stock had previously closed at $21.77.

YieldMax TSLA Option Income Strategy ETF Trading Up 2.7%

The company has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $28.75.

Institutional Inflows and Outflows

A hedge fund recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors increased its holdings in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,899 shares of the company’s stock after purchasing an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent SEC filing.

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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.