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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.11, but opened at $7.61. YieldMax TSLA Option Income Strategy ETF shares last traded at $7.64, with a volume of 5,349,893 shares traded.

YieldMax TSLA Option Income Strategy ETF Trading Down 5.9%

The firm has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $10.17.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF in the 1st quarter worth approximately $544,000. Sunbelt Securities Inc. raised its position in shares of 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 buying an additional 14,394 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of YieldMax TSLA Option Income Strategy ETF by 25.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 35,311 shares of the company’s stock worth $291,000 after buying an additional 7,154 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF in the first quarter worth $27,000.

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.