YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Gap Down – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $8.24, but opened at $7.96. YieldMax TSLA Option Income Strategy ETF shares last traded at $7.80, with a volume of 2,040,867 shares traded.

YieldMax TSLA Option Income Strategy ETF Trading Up 4.5 %

The business’s fifty day moving average price is $11.49 and its 200 day moving average price is $13.15.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

Several institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its holdings in YieldMax TSLA Option Income Strategy ETF by 7.0% during the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after purchasing an additional 14,394 shares during the last quarter. FNY Investment Advisers LLC bought a new position in YieldMax TSLA Option Income Strategy ETF during the 4th quarter valued at about $95,000. Finally, ORG Partners LLC lifted 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 valued at $38,000 after purchasing an additional 2,065 shares during 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.