YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 1-Year Low – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $34.18 and last traded at $34.4440, with a volume of 545864 shares changing hands. The stock had previously closed at $35.52.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The business’s 50 day simple moving average is $37.93 and its 200 day simple moving average is $39.86.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 29th will be given a $0.3183 dividend. The ex-dividend date of this dividend is Thursday, January 29th. This represents a yield of 4,890.0%.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors boosted its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,899 shares of the company’s stock after acquiring an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 at the end of the most recent quarter.

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.