YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Trading Up 4.1% – Should You Buy?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) were up 4.1% during mid-day trading on Tuesday . The stock traded as high as $8.52 and last traded at $8.58. 1,161,401 shares changed hands during trading, a decline of 54% from the average daily volume of 2,535,679 shares. The stock had previously closed at $8.24.

YieldMax TSLA Option Income Strategy ETF Price Performance

The stock’s 50-day simple moving average is $10.34 and its 200 day simple moving average is $12.81.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of institutional investors and hedge funds 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% 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. FNY Investment Advisers LLC bought a new position in YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at about $95,000. Finally, Sunbelt Securities Inc. increased its position in YieldMax TSLA Option Income Strategy ETF by 7.0% in the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after purchasing an additional 14,394 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.