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

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $9.54 and last traded at $9.61, with a volume of 6205766 shares changing hands. The stock had previously closed at $9.97.

YieldMax TSLA Option Income Strategy ETF Stock Performance

The company has a 50 day moving average price of $13.20 and a two-hundred day moving average price of $13.62.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. ORG Partners LLC raised its stake in YieldMax TSLA Option Income Strategy ETF by 348.2% in the 4th quarter. ORG Partners LLC now owns 2,658 shares of the company’s stock valued at $38,000 after purchasing an additional 2,065 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of YieldMax TSLA Option Income Strategy ETF during the fourth quarter worth $95,000. Finally, 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 valued at $3,237,000 after buying an additional 14,394 shares during the last quarter.

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.