YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Stock Price Down 1.1% – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) traded down 1.1% on Tuesday . The stock traded as low as $28.53 and last traded at $29.28. 1,451,755 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 811,508 shares. The stock had previously closed at $29.62.

YieldMax TSLA Option Income Strategy ETF Stock Down 0.8%

The firm has a fifty day simple moving average of $30.07 and a two-hundred day simple moving average of $34.41.

Institutional Investors Weigh In On YieldMax TSLA Option Income Strategy ETF

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. FNY Investment Advisers LLC grew its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 821.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,640 shares of the company’s stock after acquiring an additional 24,640 shares during the quarter. FNY Investment Advisers LLC owned 0.09% of YieldMax TSLA Option Income Strategy ETF worth $1,037,000 at the end of the most recent reporting period.

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.