YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 1-Year Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $22.54 and last traded at $22.54, with a volume of 327554 shares traded. The stock had previously closed at $25.38.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm’s 50-day moving average is $28.22 and its 200 day moving average is $30.89.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC lifted its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,640 shares of the company’s stock after buying an additional 24,640 shares during the period. FNY Investment Advisers LLC owned about 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 at the end of the most recent quarter.

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.