YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 12-Month Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $8.78 and last traded at $9.10, with a volume of 3614299 shares. The stock had previously closed at $9.47.

YieldMax TSLA Option Income Strategy ETF Price Performance

The business’s 50 day moving average is $12.57 and its 200 day moving average is $13.50.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently modified their holdings of TSLY. Sunbelt Securities Inc. boosted its stake in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after buying an additional 201,862 shares during the period. ORG Partners LLC boosted its stake in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% during the 4th quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock valued at $38,000 after buying an additional 2,065 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the 4th quarter valued at $95,000.

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.