Short Interest in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Decreases By 18.9%

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,718,854 shares, a decrease of 18.9% from the February 12th total of 2,119,961 shares. Currently, 5.8% of the shares of the stock are sold short. Based on an average daily volume of 851,195 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 851,195 shares, the days-to-cover ratio is currently 2.0 days. Currently, 5.8% of the shares of the stock are sold short.

YieldMax TSLA Option Income Strategy ETF Trading Down 0.7%

Shares of TSLY stock opened at $31.45 on Friday. YieldMax TSLA Option Income Strategy ETF has a 52-week low of $30.84 and a 52-week high of $49.65. The business’s fifty day moving average is $34.24 and its 200 day moving average is $38.54.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC boosted its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,640 shares of the company’s stock after acquiring an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 as of its most recent filing with the Securities & Exchange Commission.

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.