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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.54 and last traded at $9.61, with a volume of 6205766 shares trading hands. The stock had previously closed at $9.97.

YieldMax TSLA Option Income Strategy ETF Stock Down 3.6 %

The firm’s fifty day moving average price is $13.46 and its 200 day moving average price is $13.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TSLY. Sunbelt Securities Inc. raised its stake in shares of YieldMax TSLA Option Income Strategy ETF by 5,804.0% in the third 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 in the last quarter. ORG Partners LLC increased its holdings 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 during the period. Finally, FNY Investment Advisers LLC acquired a new stake in YieldMax TSLA Option Income Strategy ETF in the 4th quarter valued at about $95,000.

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.