YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 1-Year Low – What’s Next?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.46 and last traded at $25.57, with a volume of 149964 shares changing hands. The stock had previously closed at $26.33.

YieldMax TSLA Option Income Strategy ETF Trading Down 2.3%

The business has a fifty day simple moving average of $28.62 and a 200-day simple moving average of $31.20.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors grew its stake in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

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.