YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 1-Year Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.59 and last traded at $20.62, with a volume of 169040 shares traded. The stock had previously closed at $21.02.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The business’s 50 day moving average is $27.13 and its 200 day moving average is $30.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC grew its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,640 shares of the company’s stock after acquiring an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned about 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 at the end of the most recent reporting period.

YieldMax TSLA Option Income Strategy ETF Company Profile

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.