YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sets New 12-Month Low – Here’s Why

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during trading on Monday . The company traded as low as $7.02 and last traded at $7.05, with a volume of 854828 shares. The stock had previously closed at $7.72.

YieldMax TSLA Option Income Strategy ETF Stock Down 2.7 %

The firm’s 50-day moving average is $10.13 and its 200 day moving average is $12.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its holdings in YieldMax TSLA Option Income Strategy ETF by 7.0% in the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after acquiring an additional 14,394 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in YieldMax TSLA Option Income Strategy ETF in the 4th quarter worth about $95,000. Finally, ORG Partners LLC grew its holdings in YieldMax TSLA Option Income Strategy ETF by 348.2% in 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.

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.