YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 12-Month Low – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares reached a new 52-week low during trading on Friday . The stock traded as low as $25.46 and last traded at $25.57, with a volume of 149964 shares changing hands. The stock had previously closed at $26.33.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The business has a 50-day simple moving average of $28.73 and a two-hundred day simple moving average of $31.24.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors boosted its position in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,899 shares of the company’s stock after buying an additional 9,619 shares during the period. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent SEC filing.

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