YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down to $14.09

Posted by Scott Moore on Apr 18th, 2024

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $14.09, but opened at $13.75. YieldMax TSLA Option Income Strategy ETF shares last traded at $13.60, with a volume of 478,771 shares traded.

YieldMax TSLA Option Income Strategy ETF Price Performance

The business has a 50 day moving average price of $16.50 and a 200-day moving average price of $20.66.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

Several institutional investors have recently added to or reduced their stakes in TSLY. International Assets Investment Management LLC bought a new stake in YieldMax TSLA Option Income Strategy ETF in the third quarter valued at $36,000. Royal Bank of Canada acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the 4th quarter valued at about $88,000. NorthRock Partners LLC bought a new stake in YieldMax TSLA Option Income Strategy ETF in the 4th quarter valued at about $126,000. AlphaMark Advisors LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF during the 3rd quarter worth approximately $150,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in YieldMax TSLA Option Income Strategy ETF in the third quarter worth approximately $194,000.

YieldMax TSLA Option Income Strategy ETF Company Profile

(Get Free Report)

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.