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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.15 and last traded at $27.28, with a volume of 333436 shares traded. The stock had previously closed at $28.66.

YieldMax TSLA Option Income Strategy ETF Trading Up 2.9%

The company has a 50-day moving average price of $29.71 and a 200-day moving average price of $33.40.

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 raised its stake in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% in the 4th 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 buying 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.