YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 12-Month Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $11.03 and last traded at $11.06, with a volume of 4568845 shares. The stock had previously closed at $11.86.

YieldMax TSLA Option Income Strategy ETF Stock Down 6.2 %

The stock’s fifty day simple moving average is $14.65 and its 200-day simple moving average is $13.92.

YieldMax TSLA Option Income Strategy ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a dividend of $1.2208 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from YieldMax TSLA Option Income Strategy ETF’s previous dividend of $0.68.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in TSLY. ORG Partners LLC increased its position in 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 worth $38,000 after purchasing an additional 2,065 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in YieldMax TSLA Option Income Strategy ETF in the 4th quarter valued at approximately $95,000. Finally, Sunbelt Securities Inc. increased its position in YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 205,340 shares of the company’s stock valued at $2,930,000 after acquiring an additional 201,862 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.