YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) Reaches New 12-Month Low – Should You Sell?

Shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.59 and last traded at $20.62, with a volume of 169040 shares. The stock had previously closed at $21.02.

YieldMax TSLA Option Income Strategy ETF Stock Down 1.9%

The firm has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $30.46.

Institutional Inflows and Outflows

A hedge fund recently raised its position in YieldMax TSLA Option Income Strategy ETF stock. Captrust Financial Advisors increased its stake in shares of YieldMax TSLA Option Income Strategy ETF (NYSEARCA:TSLY) by 93.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

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.