YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 52-Week Low – Should You Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low on Tuesday . The company traded as low as $6.90 and last traded at $7.05, with a volume of 6610602 shares traded. The stock had previously closed at $7.40.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The company has a 50-day moving average of $8.91 and a 200-day moving average of $12.21.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A number of hedge funds have recently made changes to their positions in TSLY. ORG Partners LLC boosted its position in 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 acquiring an additional 2,065 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in YieldMax TSLA Option Income Strategy ETF during the fourth quarter worth about $95,000. Sunbelt Securities Inc. grew its stake in shares of YieldMax TSLA Option Income Strategy ETF by 7.0% in the 4th quarter. Sunbelt Securities Inc. now owns 219,734 shares of the company’s stock valued at $3,237,000 after buying an additional 14,394 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the 1st quarter valued at approximately $27,000.

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.