YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Down 4% – What’s Next?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) fell 4% on Monday . The company traded as low as $8.20 and last traded at $8.18. 2,603,379 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 4,573,921 shares. The stock had previously closed at $8.52.

YieldMax TSLA Option Income Strategy ETF Price Performance

The business has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $13.26.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TSLY. ORG Partners LLC increased its stake in shares of YieldMax TSLA Option Income Strategy ETF by 348.2% during the fourth 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. FNY Investment Advisers LLC bought a new position in YieldMax TSLA Option Income Strategy ETF in the fourth quarter worth about $95,000. Finally, Sunbelt Securities Inc. raised its holdings in 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 worth $2,930,000 after purchasing an additional 201,862 shares in the last quarter.

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.