YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) Stock Price Down 3% – Here’s What Happened

YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) dropped 3% during trading on Thursday . The company traded as low as $15.71 and last traded at $15.91. Approximately 206,536 shares changed hands during trading, an increase of 11% from the average daily volume of 186,333 shares. The stock had previously closed at $16.41.

YieldMax TSM Option Income Strategy ETF Trading Down 3.0%

The stock’s 50 day moving average price is $16.10 and its 200 day moving average price is $16.08.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in YieldMax TSM Option Income Strategy ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of YieldMax TSM Option Income Strategy ETF (NYSEARCA:TSMY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

About YieldMax TSM Option Income Strategy ETF

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.