YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 12-Month Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $26.66 and last traded at $26.77, with a volume of 377655 shares changing hands. The stock had previously closed at $28.10.

YieldMax TSLA Option Income Strategy ETF Stock Down 4.8%

The firm’s 50-day simple moving average is $29.58 and its 200-day simple moving average is $32.83.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC grew its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,640 shares of the company’s stock after acquiring an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 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.