YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 10.6% – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares were down 10.6% during trading on Monday . The company traded as low as $8.02 and last traded at $7.90. Approximately 2,977,799 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 4,537,692 shares. The stock had previously closed at $8.84.

YieldMax TSLA Option Income Strategy ETF Stock Down 14.1 %

The company’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $13.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSLY. ORG Partners LLC increased its holdings 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 worth $38,000 after purchasing an additional 2,065 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the fourth quarter valued at approximately $95,000. Finally, Sunbelt Securities Inc. grew its position in YieldMax TSLA Option Income Strategy ETF by 7.0% during the fourth quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock worth $3,237,000 after buying an additional 14,394 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.