YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Hits New 1-Year Low – Time to Sell?

YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $29.35 and last traded at $29.35, with a volume of 70109 shares traded. The stock had previously closed at $29.88.

YieldMax TSLA Option Income Strategy ETF Trading Down 2.3%

The stock’s 50-day moving average is $33.12 and its 200 day moving average is $37.96.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a dividend of $0.3183 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a dividend yield of 4,984.0%.

Hedge Funds Weigh In On YieldMax TSLA Option Income Strategy ETF

A hedge fund recently raised its stake in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors increased its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,899 shares of the company’s stock after acquiring 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.

About YieldMax TSLA Option Income Strategy ETF

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.