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 trading on Thursday . The company traded as low as $30.49 and last traded at $30.53, with a volume of 206262 shares traded. The stock had previously closed at $31.74.

YieldMax TSLA Option Income Strategy ETF Price Performance

The firm has a 50 day moving average of $33.72 and a two-hundred day moving average of $38.25.

YieldMax TSLA Option Income Strategy ETF Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors grew its position in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,899 shares of the company’s stock after buying an additional 9,619 shares during the quarter. Captrust Financial Advisors’ holdings in YieldMax TSLA Option Income Strategy ETF were worth $163,000 as of its most recent filing with the Securities & 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.