YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Shares Up 0.5% – Here’s Why

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) rose 0.5% during trading on Monday . The company traded as high as $29.39 and last traded at $29.28. Approximately 874,355 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 784,861 shares. The stock had previously closed at $29.13.

YieldMax TSLA Option Income Strategy ETF Stock Up 0.5%

The company has a 50 day simple moving average of $30.79 and a two-hundred day simple moving average of $35.72.

Institutional Trading of YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors lifted its holdings in YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,899 shares of the company’s stock after purchasing an additional 9,619 shares during the period. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 at the end of the most recent 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. TSLY was launched on Oct 22, 2022 and is managed by YieldMax.