YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Time to Sell?

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

YieldMax TSLA Option Income Strategy ETF Stock Performance

The company’s 50 day moving average price is $29.77 and its two-hundred day moving average price is $33.54.

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 boosted its holdings in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLYFree Report) by 93.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,899 shares of the company’s stock after buying an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent SEC filing.

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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.

Further Reading

Receive News & Ratings for YieldMax TSLA Option Income Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YieldMax TSLA Option Income Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.