YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Sees Large Drop in Short Interest

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 923,821 shares, a decrease of 81.7% from the November 30th total of 5,035,530 shares. Based on an average daily volume of 3,067,469 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 3,067,469 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in YieldMax TSLA Option Income Strategy ETF stock. OLD Mission Capital LLC purchased a new stake in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 66,079 shares of the company’s stock, valued at approximately $544,000. OLD Mission Capital LLC owned 0.06% of YieldMax TSLA Option Income Strategy ETF as of its most recent SEC filing.

YieldMax TSLA Option Income Strategy ETF Price Performance

TSLY traded up $0.02 during midday trading on Thursday, reaching $40.71. 612,519 shares of the company were exchanged, compared to its average volume of 3,715,493. The stock’s 50-day simple moving average is $40.09 and its 200 day simple moving average is $40.60. YieldMax TSLA Option Income Strategy ETF has a one year low of $34.50 and a one year high of $86.85.

YieldMax TSLA Option Income Strategy ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Thursday, December 18th were given a $0.969 dividend. The ex-dividend date was Thursday, December 18th. This represents a dividend yield of 5,425.0%.

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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.