YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Down 2% – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price dropped 2% during mid-day trading on Thursday . The stock traded as low as $22.09 and last traded at $22.33. 263,534 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 678,573 shares. The stock had previously closed at $22.79.

YieldMax TSLA Option Income Strategy ETF Price Performance

The stock’s 50-day moving average is $23.12 and its two-hundred day moving average is $27.50.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

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

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.