YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $20.27 and last traded at $19.4250, with a volume of 191,943 shares. The stock had previously closed at $21.86.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The firm’s 50 day moving average is $22.23 and its 200 day moving average is $27.35.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

An institutional investor recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. NFSG Corp lifted its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 34.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,584 shares of the company’s stock after acquiring an additional 1,166 shares during the quarter. NFSG Corp’s holdings in YieldMax TSLA Option Income Strategy ETF were worth $99,000 at the end of the most recent reporting period.

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.