YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Trading Up 0.7% – Still a Buy?

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) rose 0.7% during trading on Friday . The company traded as high as $15.50 and last traded at $15.17. 159,179 shares changed hands during trading, a decline of 12% from the average daily volume of 181,806 shares. The stock had previously closed at $15.07.

YieldMax TSM Option Income Strategy ETF Trading Up 0.7%

The company’s fifty day simple moving average is $16.42 and its two-hundred day simple moving average is $16.31.

Hedge Funds Weigh In On YieldMax TSM Option Income Strategy ETF

An institutional investor recently bought a new stake in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. acquired a new stake in YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,150 shares of the company’s stock, valued at approximately $54,000. Sunbelt Securities Inc. owned about 0.08% of YieldMax TSM Option Income Strategy ETF as of its most recent SEC filing.

YieldMax TSM Option Income Strategy ETF Company Profile

The YieldMax TSM Option Income Strategy ETF (TSMY) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to provide current income and capped gains on the Taiwan Semiconductor Manufacturing stock (TSM) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. TSMY was launched on Aug 20, 2024 and is issued by YieldMax.