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

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $31.38 and last traded at $32.1120, with a volume of 258322 shares trading hands. The stock had previously closed at $32.35.

YieldMax TSLA Option Income Strategy ETF Trading Down 2.3%

The firm has a 50-day simple moving average of $35.27 and a two-hundred day simple moving average of $38.93.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a $0.3183 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a yield of 4,984.0%.

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. Captrust Financial Advisors lifted its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm 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 SEC filing.

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.